Credit Suisse Group lowers CURO Group (NYSE:CURO) price target to $19.00

CURO Group (NYSE:CURO – Get Note) had its price target lowered by Credit Suisse Group analysts to $19.00 in a research report released on Friday, Stock Target Advisor reports. The company currently has an “outperform” rating on the stock. Credit Suisse Group’s target price would indicate a potential upside of 117.14% from the company’s current price.

Separately, Zacks Investment Research upgraded CURO Group from a “hold” rating to a “strong sell” rating in a Monday, May 9 report.

Shares of CURO Group opened at $8.75 on Friday. The company has a 50-day moving average price of $11.39 and a two-hundred-day moving average price of $14.07. The company has a debt ratio of 13.68, a quick ratio of 6.32 and a current ratio of 6.32. The CURO group has a 52-week low of $7.52 and a 52-week high of $20.10. The company has a market capitalization of $353.06 million, a price-earnings ratio of 12.87 and a beta of 2.56.

CURO Group (NYSE:CURO – Get Rating) last released its quarterly results on Monday, May 2. The company reported EPS of $0.08 for the quarter, missing analyst consensus estimates of $0.11 per ($0.03). The company posted revenue of $290.20 million for the quarter, versus a consensus estimate of $270.53 million. The CURO Group achieved a net margin of 3.83% and a return on equity of 3.11%. During the same period last year, the company posted EPS of $0.64. As a group, equity research analysts expect CURO Group to post EPS of 1.27 for the current fiscal year.

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Institutional investors and hedge funds have recently changed their stock holdings. Lodge Hill Capital LLC increased its stake in CURO Group by 70.5% during the fourth quarter. Lodge Hill Capital LLC now owns 628,738 shares of the company worth $10,066,000 after purchasing an additional 260,000 shares in the last quarter. IMA Wealth Inc. acquired a new stake in CURO Group in Q4 valued at $3,770,000. Morgan Stanley increased its stake in CURO Group by 406.5% during the third quarter. Morgan Stanley now owns 197,203 shares of the company valued at $3,417,000 after acquiring an additional 158,268 shares in the last quarter. Empyrean Capital Partners LP increased its stake in CURO Group by 4.5% during the third quarter. Empyrean Capital Partners LP now owns 2,790,658 shares of the company worth $48,362,000 after acquiring an additional 118,918 shares in the last quarter. Finally, Boston Partners increased its equity stake in CURO Group by 136.7% in the first quarter. Boston Partners now owns 151,743 shares of the company valued at $1,980,000 after purchasing an additional 87,643 shares in the last quarter. Institutional investors hold 38.78% of the company’s shares.

CURO Group Company Profile (Get a rating)

CURO Group Holdings Corp., together with its subsidiaries, offers consumer credit products in the United States and Canada. The Company offers unsecured installment loans, secured installment loans, open-ended loans and one-time payment loans, as well as ancillary financial products, including check cashing, proprietary reloadable prepaid debit cards, demand deposit accounts, credit protection insurance, retail installment sales. , and money transfer services.

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