World Acceptance (NASDAQ:WRLD) PT Lowered to $52.00 at BMO Capital Markets

Posted by MarketBeat News on Aug 1st, 2022

World Acceptance (NASDAQ:WRLD – Get Rating) had its target price reduced by BMO Capital Markets from $57.00 to $52.00 in a research report released on Friday morning, The Fly reports.

WRLD has been the topic of a number of other research reports. Stephens cut their price objective on shares of World Acceptance from $159.00 to $105.00 and set an underweight rating on the stock in a research report on Thursday. TheStreet cut shares of World Acceptance from a b- rating to a c+ rating in a research report on Thursday, May 12th. Finally, StockNews.com upgraded shares of World Acceptance from a hold rating to a buy rating in a research report on Monday, May 2nd.

World Acceptance Trading Up 0.2 %

World Acceptance stock opened at $110.78 on Friday. The stock has a market cap of $695.81 million, a P/E ratio of 13.05 and a beta of 1.56. The company has a debt-to-equity ratio of 1.86, a current ratio of 15.36 and a quick ratio of 15.36. World Acceptance has a 1 year low of $98.96 and a 1 year high of $265.75. The firm’s 50 day moving average price is $121.00 and its 200-day moving average price is $165.95.

World Acceptance (NASDAQ:WRLD – Get Rating) last released its quarterly earnings data on Wednesday, July 27th. The credit services provider reported ($1.53) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($2.38). World Acceptance had a net margin of 9.26% and a return on equity of 13.42%. During the same quarter in the prior year, the firm posted $2.44 EPS. On average, equities analysts predict that World Acceptance will post 5.23 earnings per share for the current fiscal year.

Institutional Trading of World Acceptance

A number of large investors have recently made changes to their positions in WRLD. New York State Teachers Retirement System boosted its stake in shares of World Acceptance by 3.3% during the fourth quarter. New York State Teachers Retirement System now owns 9,271 shares of the credit services provider’s stock valued at $2,275,000 after purchasing an additional 300 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in shares of World Acceptance during the fourth quarter valued at $492,000. Harvest Investment Services LLC purchased a new stake in shares of World Acceptance during the fourth quarter valued at $293,000. Yousif Capital Management LLC purchased a new stake in shares of World Acceptance during the fourth quarter valued at $1,067,000. Finally, CWM LLC purchased a new stake in World Acceptance in the fourth quarter worth about $48,000. 85.05% of the stock is owned by hedge funds and other institutional investors.

World Acceptance Company Profile

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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.