First Analysis Initiates Coverage on Pra Group Inc to Overweight

First Analysis Initiates Coverage on Pra Group Inc(NASDAQ:PRAA). The shares have been rated Overweight. The rating by First Analysis was issued on Jun 7, 2016.

In a different note, On May 10, 2016, Raymond James said it Downgrades its rating on Pra Group Inc. In the research note, the firm Lowers the price-target to $47.00 per share. The shares have been rated ‘Outperform’ by the firm.

Pra Group Inc (PRAA) shares turned negative on Fridays trading session with the shares closing down -0.66 points or -2.66% at a volume of 6,51,792. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $24.74. The peak price level was also seen at $24.74 while the days lowest was $23.87. Finally the shares closed at $24.12. The 52-week high of the shares is $64.82 while the 52-week low is $20. According to the latest information available, the market cap of the company is $1,117 M.

Pra Group Inc(PRAA) last announced its earnings results on May 9, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $224.88M. Analysts had an estimated revenue of $239.93M. Earnings per share were $0.85. Analysts had estimated an EPS of $0.94.

Several Insider Transactions has been reported to the SEC. On May 17, 2016, Geir Olsen (director) purchased 25,000 shares at $27.03 per share price.Also, On May 13, 2016, David N Roberts (director) purchased 40,000 shares at $25.25 per share price.On Jul 14, 2015, Judith S Scott (EVP-General Counsel, Secretary) sold 3,000 shares at $63.61 per share price, according to the Form-4 filing with the securities and exchange commission.

PRA Group Inc. (PRA Group) formerly Portfolio Recovery Associates Inc. and its subsidiaries is a financial and business service company. The Company’s primary business is the purchase collection and management of portfolios of defaulted consumer receivables. These are the unpaid obligations of individuals to credit originators which include banks credit unions consumer and auto finance companies and retail merchants. The Company also provides feebased services including vehicle location skip tracing and collateral recovery services for auto lenders Governments and law enforcement through PRA Location Services LLC (PLS) revenue administration audit and debt discovery or recovery services for local Government entities through PRA Government Services LLC and MuniServices LLC (PGS) and class action claims recovery services and related payment processing through Claims Compensation Bureau LLC (CCB).

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