Worldwide Acceptance (NASDAQ:WRLD – get rating) BMO Capital Markets lowered its price target from $57.00 to $52.00 in a research report issued to clients and investors on Friday, The fly reports. The BMO Capital Markets price target points to a possible drop of 52.97% from the company’s current price.
Several other brokerages have also recently weighed in on WRLD. Stephens lowered World Acceptance’s share price target to $105.00 from $159.00 and pegged an “underweight” rating on the stock in a research report on Thursday. StockNews.com improved global acceptance from a “hold” rating to a “buy” rating in a report on Monday, May 2. Ultimately, TheStreet lowered worldwide acceptance from a “b-” rating to a “c+” rating in a research note on Thursday, May 12.
Global acceptance trade fell 3.5%
WRLD shares opened at $110.56 on Friday. The company has a quick ratio of 15.36, a current ratio of 15.36, and a debt-to-equity 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. Worldwide acceptance has a 52-week minimum of $98.96 and a 52-week maximum of $265.75.
Worldwide Acceptance (NASDAQ:WRLD – get rating) last announced its quarterly earnings results on Wednesday, July 27. The credit service provider reported EPS ($1.53) 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 business earned $2.44 EPS. On average, equity research analysts expect World Acceptance to post 5.23 EPS for the current year.
Institutional investors weigh in on global uptake
Several hedge funds and other institutional investors have recently changed their holdings in WRLD. CWM LLC purchased a new position in World Acceptance stock in the fourth quarter worth approximately $48,000. Cooper Creek Partners Management LLC acquired a new share of World Acceptance stock during the fourth quarter for $225,000. Jane Street Group LLC purchased a new position in World Acceptance stock in the first quarter worth approximately $225,000. Hsbc Holdings PLC acquired a new position in shares of World Acceptance in the first quarter valued at around $229,000. Finally, Everence Capital Management Inc. purchased a new share of World Acceptance stock during the first quarter valued at about $234,000. Institutional investors own 85.05% of the company’s shares.
About global acceptance
World Acceptance Corporation, together with its subsidiaries, is engaged in the consumer finance business of small loans. The company offers small short-term installment loans, larger medium-term installment loans, related credit insurance, and complementary products and services for individuals. It also provides car club memberships to its borrowers; and electronic tax return preparation and filing services.
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