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Conn’s (CONN) Gets a Buy Rating from Oppenheimer


In a report released today, Brian Nagel from Oppenheimer maintained a Buy rating on Conn’s (CONN), with a price target of $40. The company’s shares opened today at $26.48.

Nagel noted:

“Shares of CONN are trading lower today following a generally in-line Q3:18 (Oct.) report and Q4 (Jan. 2019) guidance from the company. We look upon the pullback in shares as much more a function of a still edgy market than of any underlying issues CONN. CEO Norm Miller and his team continue to work tirelessly to rejuvenate the business model. Once again, trends suggest a much healthier credit business and indications of improved results at retail. In our view, the market continues to underestimate the now much-improved EPS power of the company. Our price target remains $40.”

According to TipRanks.com, Nagel is a 5-star analyst with an average return of 6.8% and a 59.8% success rate. Nagel covers the Services sector, focusing on stocks such as Weight Watchers International, Dick’s Sporting Goods, and Advance Auto Parts.

Currently, the analyst consensus on Conn’s is a Moderate Buy with an average price target of $43.

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Based on Conn’s’ latest earnings release for the quarter ending July 31, the company reported a quarterly net profit of $17.01 million. In comparison, last year the company had a net profit of $1.57 million.

Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Conn’s, Inc. is holding company, which engages in the retail and provision of consumer goods and related services in addition to proprietary credit solutions for its core credit-constrained consumers through retail stores and its website. It operates through the Retail and Credit segments.