CURO Group (NYSE:CURO) PT Lowered to $19.00

CURO Group (NYSE:CURO – Get Rating) had its target price reduced by equities research analysts at Credit Suisse Group to $19.00 in a research note issued to investors on Friday, Stock Target Advisor reports. The brokerage currently has an “outperform” rating on the stock. Credit Suisse Group’s price objective would suggest a potential upside of 117.14% from the company’s current price.

Separately, Zacks Investment Research cut CURO Group from a “hold” rating to a “strong sell” rating in a report on Monday, May 9th.

Shares of CURO Group stock opened at $8.75 on Friday. The company has a debt-to-equity ratio of 13.68, a current ratio of 6.32 and a quick ratio of 6.32. CURO Group has a 1 year low of $7.52 and a 1 year high of $20.10. The firm has a market cap 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 Rating) last posted its quarterly earnings data on Monday, May 2nd. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). The company had revenue of $290.20 million for the quarter, compared to the consensus estimate of $270.53 million. CURO Group had a return on equity of 3.11% and a net margin of 3.83%. During the same period in the prior year, the firm posted $0.64 earnings per share. As a group, research analysts anticipate that CURO Group will post 1.27 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in CURO. First Quadrant LLC CA bought a new position in CURO Group in the 1st quarter worth $28,000. Citigroup Inc. boosted its position in shares of CURO Group by 134.0% during the third quarter. Citigroup Inc. now owns 2,345 shares of the company’s stock valued at $41,000 after purchasing an additional 1,343 shares in the last quarter. Royal Bank of Canada raised its holdings in CURO Group by 31.3% in the second quarter. Royal Bank of Canada now owns 3,442 shares of the company’s stock worth $59,000 after purchasing an additional 820 shares in the last quarter. Acadian Asset Management LLC purchased a new position in CURO Group during the fourth quarter valued at $69,000. Finally, BNP Paribas Arbitrage SA grew its position in shares of CURO Group by 377.8% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 4,515 shares of the company’s stock worth $78,000 after buying an additional 3,570 shares during the period. Institutional investors own 38.78% of the company’s stock.

CURO Group Company Profile (Get Rating)

CURO Group Holdings Corp., together with its subsidiaries, provides consumer finance products in the United States and Canada. The company offers unsecured installment loans, secured installment loans, open-end loans, and single-pay 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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