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BMO Capital Markets Lowers World Acceptance (NASDAQ:WRLD) Price Target to $32.00

Defense World ·  01/29 16:51

World Acceptance (NASDAQ:WRLD – Get Rating) had its target price lowered by research analysts at BMO Capital Markets from $46.00 to $32.00 in a research note issued on Friday, The Fly reports. The firm currently has an "underperform" rating on the credit services provider's stock. BMO Capital Markets' target price would indicate a potential downside of 68.97% from the stock's current price.

A number of other brokerages have also commented on WRLD. lowered World Acceptance from a "buy" rating to a "hold" rating in a research report on Wednesday, October 19th. Stephens decreased their price objective on World Acceptance from $105.00 to $87.00 and set an "underweight" rating on the stock in a research report on Friday, October 28th.

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World Acceptance Stock Down 5.0 %

NASDAQ WRLD opened at $103.11 on Friday. The firm has a market cap of $645.47 million, a PE ratio of 47.30 and a beta of 1.29. World Acceptance has a one year low of $58.44 and a one year high of $228.70. The stock's 50 day simple moving average is $71.49 and its 200 day simple moving average is $93.84. The company has a debt-to-equity ratio of 2.01, a current ratio of 20.53 and a quick ratio of 18.27.

World Acceptance (NASDAQ:WRLD – Get Rating) last released its quarterly earnings results on Thursday, October 27th. The credit services provider reported ($0.20) EPS for the quarter, missing analysts' consensus estimates of $0.19 by ($0.39). The business had revenue of $151.23 million for the quarter, compared to the consensus estimate of $145.95 million. World Acceptance had a return on equity of 7.84% and a net margin of 2.25%. As a group, sell-side analysts forecast that World Acceptance will post 3.81 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in WRLD. JPMorgan Chase & Co. lifted its stake in shares of World Acceptance by 127.8% in the 1st quarter. JPMorgan Chase & Co. now owns 7,439 shares of the credit services provider's stock valued at $1,428,000 after purchasing an additional 4,173 shares during the period. American Century Companies Inc. raised its stake in World Acceptance by 20.1% during the 1st quarter. American Century Companies Inc. now owns 10,709 shares of the credit services provider's stock worth $2,054,000 after buying an additional 1,791 shares during the period. MetLife Investment Management LLC lifted its holdings in World Acceptance by 57.0% during the first quarter. MetLife Investment Management LLC now owns 2,385 shares of the credit services provider's stock worth $458,000 after acquiring an additional 866 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in World Acceptance by 11.4% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,555 shares of the credit services provider's stock worth $682,000 after acquiring an additional 365 shares in the last quarter. Finally, Hsbc Holdings PLC bought a new position in World Acceptance during the first quarter worth about $229,000. Institutional investors and hedge funds own 88.54% of the company's stock.

About World Acceptance

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World Acceptance Corporation, together with its subsidiaries, engages in small-loan consumer finance business. The company offers short-term small installment loans, medium-term larger installment loans, related credit insurance, and ancillary products and services to individuals. It also provides automobile club memberships to its borrowers; and income tax return preparation and electronic filing services.

Further Reading

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