Oppenheimer analyst Brian Nagel maintained a Buy rating on Conn’s (CONN) today. The company’s shares closed on Friday at $19.93, close to its 52-week low of $19.56.
According to TipRanks.com, Nagel is a 4-star analyst with an average return of 4.8% and a 55.7% success rate. Nagel covers the Services sector, focusing on stocks such as Weight Watchers International, Dick’s Sporting Goods, and Advance Auto Parts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Conn’s with a $31 average price target, a 55.5% upside from current levels. In a report issued on December 10, Compass Point also upgraded the stock to Buy with a $29 price target.
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Based on Conn’s’ latest earnings release for the quarter ending October 31, the company reported a quarterly net profit of $14.63 million. In comparison, last year the company had a net profit of $1.57 million.
Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CONN in relation to earlier this year.
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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.
