Conn’s (NASDAQ:CONN) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report issued on Wednesday, Stock Ratings Network.com reports. The firm currently has a $66.10 price objective on the stock. Zacks‘ target price would indicate a potential upside of 4.85% from the stock’s previous close.
Shares of Conn’s (NASDAQ:CONN) traded down 4.85% on Wednesday, hitting $59.98. The stock had a trading volume of 580,907 shares. Conn’s has a 52-week low of $24.51 and a 52-week high of $69.32. The stock’s 50-day moving average is $56.90 and its 200-day moving average is $55.28. The company has a market cap of $2.156 billion and a P/E ratio of 31.60.
Conn’s (NASDAQ:CONN) last issued its quarterly earnings data on Thursday, September 5th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by $0.08. The company had revenue of $270.70 million for the quarter, compared to the consensus estimate of $259.74 million. During the same quarter last year, the company posted $0.36 earnings per share. Conn’s's revenue was up 30.5% compared to the same quarter last year. Analysts expect that Conn’s will post $2.61 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on CONN. Analysts at Canaccord Genuity raised their price target on shares of Conn’s from $73.00 to $79.00 in a research note to investors on Thursday, October 10th. They now have a “buy” rating on the stock. Separately, analysts at Ned Davis Research initiated coverage on shares of Conn’s in a research note to investors on Monday, October 7th. They set a “neutral” rating on the stock. Finally, analysts at Oppenheimer reiterated an “outperform” rating on shares of Conn’s in a research note to investors on Tuesday, September 17th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $64.76.
Conn’s, Inc, is a specialty retailer of durable consumer products, and it also provides consumer credit to support its customers’ purchases of the products that it offer.
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