JMP Securities analyst David Scharf reiterated a Hold rating on Pra Group (PRAA) on March 1. The company’s shares closed yesterday at $29.78.
According to TipRanks.com, Scharf is a 4-star analyst with an average return of 9.8% and a 60.2% success rate. Scharf covers the Financial sector, focusing on stocks such as Consumer Portfolio Services, Enova International Inc, and Santander Consumer USA.
Pra Group has an analyst consensus of Moderate Buy.
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Based on Pra Group’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $14.94 million. In comparison, last year the company had a net profit of $86.87 million.
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PRA Group, Inc. engages in the purchase, collection and management of portfolios of defaulted consumer receivables. It focuses on the acquisition, collection, and processing of both unpaid and normal course accounts receivable originally owed to credit grantors, governments, retailers and others.
