Worldwide Acceptance (NASDAQ:WRLD – Get a rating) had its price target lowered by BMO Capital Markets from $57.00 to $52.00 in a research report released Friday to clients and investors, Fly reports. BMO Capital Markets’ price target indicates a potential downside of 52.97% from the company’s current price.
A number of other brokerages have also weighed in on WRLD recently. Stephens cut his price target on World Acceptance shares from $159.00 to $105.00 and set an “underweight” rating on the stock in a research report on Thursday. StockNews.com upgraded global acceptance from a “hold” rating to a “buy” rating in a Monday, May 2 report. Finally, TheStreet downgraded the global acceptance from a “b-” grade to a “c+” grade in a Thursday, May 12 research note.
Global acceptance trade down 3.5%
WRLD stock opened at $110.56 on Friday. The company has a quick ratio of 15.36, a current ratio of 15.36 and a leverage ratio of 1.86. The company has a market capitalization of $694.43 million, a price-earnings ratio of 13.02 and a beta of 1.56. The company has a fifty-day simple moving average of $121.43 and a 200-day simple moving average of $167.01. World Acceptance has a 52-week minimum of $98.96 and a 52-week maximum of $265.75.
Worldwide Acceptance (NASDAQ:WRLD – Get a rating) last announced its quarterly results on Wednesday, July 27. The credit service provider reported ($1.53) EPS for the quarter, missing the consensus estimate of $0.85 per ($2.38). World Acceptance had a return on equity of 13.42% and a net margin of 9.26%. During the same period last year, the company achieved EPS of $2.44. On average, equity research analysts expect World Acceptance to post EPS of 5.23 for the current year.
Institutional investors weigh on global acceptance
Several hedge funds and other institutional investors have recently changed their holdings of WRLD. CWM LLC acquired a new stock position in World Acceptance in Q4 worth approximately $48,000. Cooper Creek Partners Management LLC acquired a new equity stake in World Acceptance during the fourth quarter valued at $225,000. Jane Street Group LLC purchased a new stock position in World Acceptance in Q1 for approximately $225,000. Hsbc Holdings PLC acquired a new position in shares of World Acceptance in Q1 worth approximately $229,000. Finally, Everence Capital Management Inc. acquired a new equity stake in World Acceptance during Q1 worth approximately $234,000. Institutional investors hold 85.05% of the company’s shares.
About Global Acceptance
World Acceptance Corporation, together with its subsidiaries, is engaged in the small loan consumer finance business. The company offers short-term, small-payment loans, medium-term, larger-payment loans, related credit insurance, and ancillary products and services to individuals. It also provides automobile club memberships to its borrowers; and electronic tax return preparation and filing services.
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to firstname.lastname@example.org.
Should you invest $1,000 in World Acceptance right now?
Before you consider global acceptance, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and World Acceptance wasn’t on the list.
While World Acceptance currently has a “reduced” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here