CURO Group (NYSE: CURO – Get a rating) had its target price reduced by Credit Suisse Group equity research analysts to $19.00 in a research note released Friday to investors, Target Stock Advisor reports. The brokerage currently has an “outperform” rating on the stock. Credit Suisse Group’s price target would suggest a potential upside of 117.14% from the company’s current price.
Separately, Zacks Investment Research upgraded CURO Group from a “hold” rating to a “strong sell” rating in a Monday, May 9, report.
Shares of CURO Group Shares opened at $8.75 on Friday. The company has a debt ratio of 13.68, a current ratio of 6.32 and a quick ratio of 6.32. The CURO group has a 1-year minimum of $7.52 and a 1-year maximum of $20.10. The company has a market capitalization of $353.06 million, a PE ratio of 12.87 and a beta of 2.56. The company has a 50-day simple moving average of $11.39 and a two-hundred-day simple moving average of $14.07.
CURO Group (NYSE: CURO – Get a rating) last released its quarterly earnings data on Monday, May 2. The company reported earnings per share (EPS) of $0.08 for the quarter, missing analyst consensus estimates of $0.11 per ($0.03). The company posted revenue of $290.20 million for the quarter, versus a consensus estimate of $270.53 million. The CURO Group achieved a return on equity of 3.11% and a net margin of 3.83%. In the same period a year earlier, the company posted earnings per share of $0.64. As a group, research analysts expect CURO Group to post 1.27 earnings per share for the current year.
Several institutional investors have recently changed their positions in CURO. First Quadrant LLC CA bought a new position in CURO Group in Q1 worth $28,000. Citigroup Inc. increased its position in CURO Group shares by 134.0% during the third quarter. Citigroup Inc. now owns 2,345 shares of the company valued at $41,000 after buying 1,343 additional shares in the last quarter. Royal Bank of Canada increased its stake in CURO Group by 31.3% in the second quarter. Royal Bank of Canada now owns 3,442 shares of the company worth $59,000 after buying 820 more shares last quarter. Acadian Asset Management LLC acquired a new position in CURO Group during the fourth quarter worth $69,000. Finally, BNP Paribas Arbitrage SA increased its position in CURO group shares by 377.8% in the third quarter. BNP Paribas Arbitrage SA now owns 4,515 shares in the company worth $78,000 after purchasing an additional 3,570 shares during the period. Institutional investors hold 38.78% of the company’s shares.
CURO Group Company Profile (Get a rating)
CURO Group Holdings Corp., together with its subsidiaries, offers consumer credit products in the United States and Canada. The Company offers unsecured installment loans, secured installment loans, open-ended loans and one-time payment loans, as well as ancillary financial products, including check cashing, proprietary reloadable prepaid debit cards, demand deposit accounts, credit protection insurance, retail installment sales. , and money transfer services.
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