Credit Suisse Group lowers CURO Group (NYSE:CURO) price target to $19.00
CURO Group (NYSE: CURO – Get a rating) had its price target lowered by Credit Suisse Group analysts to $19.00 in a research report released on Friday, Target Stock Advisor reports. The company currently has an “outperform” rating on the stock. Credit Suisse Group’s target price would indicate 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 opened at $8.75 on Friday. The company has a 50-day moving average price of $11.39 and a two-hundred-day moving average price of $14.07. The company has a debt ratio of 13.68, a quick ratio of 6.32 and a current ratio of 6.32. The CURO group has a 52-week low of $7.52 and a 52-week high of $20.10. The company has a market capitalization of $353.06 million, a price-earnings ratio of 12.87 and a beta of 2.56.
CURO Group (NYSE: CURO – Get a rating) last released its quarterly results on Monday, May 2. The company reported 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 net margin of 3.83% and a return on equity of 3.11%. During the same period last year, the company posted EPS of $0.64. As a group, equity research analysts expect CURO Group to post EPS of 1.27 for the current fiscal year.
Institutional investors and hedge funds have recently changed their stock holdings. Lodge Hill Capital LLC increased its stake in CURO Group by 70.5% during the fourth quarter. Lodge Hill Capital LLC now owns 628,738 shares of the company worth $10,066,000 after purchasing an additional 260,000 shares in the last quarter. IMA Wealth Inc. acquired a new stake in CURO Group in Q4 valued at $3,770,000. Morgan Stanley increased its stake in CURO Group by 406.5% during the third quarter. Morgan Stanley now owns 197,203 shares of the company valued at $3,417,000 after acquiring an additional 158,268 shares in the last quarter. Empyrean Capital Partners LP increased its stake in CURO Group by 4.5% during the third quarter. Empyrean Capital Partners LP now owns 2,790,658 shares of the company worth $48,362,000 after acquiring an additional 118,918 shares in the last quarter. Finally, Boston Partners increased its equity stake in CURO Group by 136.7% in the first quarter. Boston Partners now owns 151,743 shares of the company valued at $1,980,000 after purchasing an additional 87,643 shares in the last quarter. 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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