Portfolio Recovery Associates (NASDAQ:PRAA) CEO Steven Fredrickson sold 15,000 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $56.92, for a total value of $853,800.00. Following the completion of the transaction, the chief executive officer now directly owns 233,730 shares of the company’s stock, valued at approximately $13,303,912. The sale was disclosed in a document filed with the SEC, which is available at this link.
A number of research firms have recently commented on PRAA. Analysts at JMP Securities raised their price target on shares of Portfolio Recovery Associates from $63.00 to $72.00 in a research note to investors on Thursday, October 31st. Separately, analysts at Zacks reiterated an “outperform” rating on shares of Portfolio Recovery Associates in a research note to investors on Thursday, October 31st. They now have a $76.00 price target on the stock. Finally, analysts at Zacks reiterated an “outperform” rating on shares of Portfolio Recovery Associates in a research note to investors on Tuesday, October 8th. They now have a $70.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $70.33.
Shares of Portfolio Recovery Associates (NASDAQ:PRAA) traded down 0.58% during mid-day trading on Thursday, hitting $56.52. The stock had a trading volume of 199,618 shares. Portfolio Recovery Associates has a 1-year low of $30.6367 and a 1-year high of $63.96. The stock’s 50-day moving average is $59.65 and its 200-day moving average is $53.71. The company has a market cap of $2.812 billion and a P/E ratio of 17.58.
Portfolio Recovery Associates (NASDAQ:PRAA) last released its earnings data on Wednesday, October 30th. The company reported $0.93 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.87 by $0.06. The company had revenue of $197.76 million for the quarter, compared to the consensus estimate of $181.86 million. During the same quarter last year, the company posted $1.96 earnings per share. Portfolio Recovery Associates’s revenue was up 31.4% compared to the same quarter last year. Analysts expect that Portfolio Recovery Associates will post $3.43 EPS for the current fiscal year.
Portfolio Recovery Associates, Inc (NASDAQ:PRAA) is engaged in the detection, collection and processing of both unpaid and normal-course accounts receivable originally owed to credit grantors, governments, retailers and others.
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