Zacks Investment Research lowered shares of Curo Group (NYSE:CURO) from a hold rating to a sell rating in a research note issued to investors on Tuesday morning.
According to Zacks, “Curo Group Holdings Corp. operates as a consumer finance company. It offers unsecured and secured installment, open-end and single-pay loan services as well as renders other customer service, robust operating systems, call center and a track record services. The Company operates primarily in the United States under two principal brands, Speedy Cash and Rapid Cash and Avio Credit. Curo Group Holdings Corp. is based in WICHITA, United States. “
Other equities research analysts have also recently issued reports about the company. William Blair reaffirmed an outperform rating on shares of Curo Group in a research note on Tuesday, January 29th. Credit Suisse Group reaffirmed a buy rating and set a $20.00 price objective on shares of Curo Group in a research note on Monday, January 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $31.00.
NYSE CURO opened at $11.00 on Tuesday. The firm has a market capitalization of $505.92 million, a PE ratio of 6.36 and a beta of 3.82. Curo Group has a 52 week low of $8.73 and a 52 week high of $32.20. The company has a quick ratio of 8.69, a current ratio of 8.69 and a debt-to-equity ratio of 88.29.
Curo Group (NYSE:CURO) last released its earnings results on Thursday, January 31st. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.04. The company had revenue of $300.57 million during the quarter, compared to analysts’ expectations of $299.89 million. Curo Group had a positive return on equity of 237.18% and a negative net margin of 4.36%. As a group, equities research analysts expect that Curo Group will post 2.52 EPS for the current year.
Several institutional investors have recently made changes to their positions in the stock. Prescott Group Capital Management L.L.C. grew its stake in shares of Curo Group by 1,236.9% during the fourth quarter. Prescott Group Capital Management L.L.C. now owns 1,184,053 shares of the company’s stock worth $11,237,000 after purchasing an additional 1,095,484 shares during the period. BlackRock Inc. grew its stake in shares of Curo Group by 40.4% during the third quarter. BlackRock Inc. now owns 791,600 shares of the company’s stock worth $23,929,000 after purchasing an additional 227,724 shares during the period. Emerald Mutual Fund Advisers Trust grew its stake in shares of Curo Group by 106.6% during the fourth quarter. Emerald Mutual Fund Advisers Trust now owns 659,530 shares of the company’s stock worth $6,259,000 after purchasing an additional 340,257 shares during the period. Vanguard Group Inc. grew its stake in shares of Curo Group by 17.8% during the third quarter. Vanguard Group Inc. now owns 521,683 shares of the company’s stock worth $15,771,000 after purchasing an additional 78,997 shares during the period. Finally, Vanguard Group Inc grew its stake in shares of Curo Group by 17.8% during the third quarter. Vanguard Group Inc now owns 521,683 shares of the company’s stock worth $15,771,000 after purchasing an additional 78,997 shares during the period. 49.57% of the stock is owned by institutional investors and hedge funds.
About Curo Group
CURO Group Holdings Corp., a diversified consumer finance company, provides consumer finance to a range of underbanked consumers in the United States, Canada, and the United Kingdom. It offers unsecured installment loans, secured installment loans, open-end loans, and single-pay loans, as well as ancillary financial products, including check cashing, proprietary reloadable prepaid debit cards, credit protection insurance, gold buying, retail installment sales, and money transfer services.
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