World Acceptance (NASDAQ:WRLD – Rating Received) Its target price was cut from $57.00 to $52.00 by BMO Capital Markets in a research report released to clients and investors on Friday, reports The Fly. BMO Capital Markets’ price target indicates a potential downside of 52.97% from the company’s current price.
A number of other brokers have also recently commented on WRLD. Stephens cut its price target on shares of World Acceptance to $105.00 from $159.00 and ranked the stock as “underweight” in a research report on Thursday. StockNews.com upgraded World Acceptance from a “hold” rating to a “buy” rating in a report Monday, May 2nd. Finally, on Thursday, May 12, TheStreet lowered the global acceptance from a “b-” rating to a “c+” rating in a research note.
Global acceptance trade down 3.5%
WRLD stock opened at $110.56 on Friday. The company has a quick ratio of 15.36, a current ratio of 15.36 and a debt to equity ratio of 1.86. The company has a market cap of $694.43 million, a price-to-earnings ratio of 13.02 and a beta of 1.56. The company has a 50-day simple moving average of $121.43 and a 200-day simple moving average of $167.01. World acceptance has a 52-week low of $98.96 and a 52-week high of $265.75.
World Acceptance (NASDAQ:WRLD – Get Rating) last reported its quarterly results on Wednesday, July 27th. The credit servicer reported ($1.53) EPS for the quarter, missing the consensus estimate of $0.85 by ($2.38). World Acceptance had a return on equity of 13.42% and a net margin of 9.26%. In the same period last year, the company earned $2.44 per share. On average, equity analysts expect World Acceptance to post 5.23 EPS for the year to date.
Institutional investors are considering global acceptance
Several hedge funds and other institutional investors have recently changed their holdings of WRLD. CWM LLC added a new position in World Acceptance stock valued at around $48,000 during the fourth quarter. Cooper Creek Partners Management LLC acquired a new interest in World Acceptance stock valued at $225,000 during the fourth quarter. Jane Street Group LLC bought a new position in World Acceptance stock valued at about $225,000 during the 1st quarter. Hsbc Holdings PLC acquired a new position in World Acceptance stock valued at approximately $229,000 during the first quarter. Finally, Everence Capital Management Inc. acquired a new stake in World Acceptance stock valued at approximately $234,000 during the first quarter. Institutional investors own 85.05% of the company’s shares.
About world acceptance
World Acceptance Corporation, together with its subsidiaries, is engaged in the small credit consumer finance business. The company offers private individuals short-term small installment loans, medium-term larger installment loans, associated credit insurance and supplementary products and services. It also offers automobile club memberships to its borrowers; and income tax return preparation and electronic filing services.
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