Jefferies Financial Group Begins Coverage of CURO Group (NYSE:CURO)
Equity research analysts at Jefferies Financial Group assumed hedging of the shares of CURO Group (NYSE: CURO – Get a rating) in a report released on Tuesday, Fly reports. The brokerage has set a “buy” rating on the stock.
Separately, Credit Suisse Group lowered its price target on CURO Group shares to $19.00 and set an “outperform” rating on the stock in a Friday, May 20 research report.
CURO Group Price Performance
Shares of CURO Group opened at $6.86 on Tuesday. The company has a market capitalization of $276.80 million, a PE ratio of 10.09 and a beta of 2.67. The CURO group has a 52-week low of $5.22 and a 52-week high of $20.10. The company has a quick ratio of 6.32, a current ratio of 6.32 and a leverage ratio of 13.68. The company’s 50-day moving average is $6.84 and its two-hundred-day moving average is $10.66.
CURO Group (NYSE: CURO – Get a rating) last released its results on Monday, May 2. The company reported earnings per share (EPS) of $0.08 for the quarter, missing analyst consensus estimates of $0.11 per ($0.03). The CURO Group achieved a return on equity of 3.11% and a net margin of 3.83%. The company posted revenue of $290.20 million for the quarter, versus analyst estimates of $270.53 million. In the same quarter last year, the company earned earnings per share of $0.64. On average, research analysts expect CURO Group to post -0.03 EPS for the current fiscal year.
Institutional entries and exits
A number of hedge funds have recently changed their holdings of CURO. First Quadrant LLC CA purchased a new position in CURO Group during Q1 for $28,000. Amalgamated Bank bought a new position in CURO Group during Q1 worth $44,000. Acadian Asset Management LLC acquired a new position in CURO Group during the 4th quarter at a value of $69,000. Chilton Capital Management LLC purchased a new position in CURO Group during Q4 for $80,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in the CURO group during the 4th quarter for a value of $131,000. 38.78% of the shares are held by hedge funds and other institutional investors.
About CURO Group
CURO Group Holdings Corp., together with its subsidiaries, offers consumer credit products in the United States and Canada. The Company offers unsecured installment loans, secured installment loans, open-ended loans and one-time payment 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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