PRA Group shares plummet after analyst downgrade

Trending News ☀️

Pra Group Stock Fair Value – PRA ($NASDAQ:PRAA) Group, Inc. hit a new 52-week low of $6.52 on Friday after Oppenheimer analyst Ben Chittenden downgraded the company from Outperform to Perform. This is a significant drop for the stock, which has already been struggling in recent months. The downgrade is based on concerns about the company’s ability to grow and generate profits in the current environment. PRA Group is a debt collection agency that purchases delinquent debt from creditors.

The company has been hurt by the coronavirus pandemic as many debtors have been unable to pay their debts. The company has also been facing increased regulation, which has led to higher costs. Chittenden is concerned that the current environment will continue to challenge PRA Group’s business model. He believes that the company’s shares are now fairly valued at their current price.

Share Price

PRA Group shares plummeted after an analyst downgrade. At the time of writing, media coverage was mostly positive. On Monday, PRA Group stock opened at $32.4 and closed at $32.0, down by 1.1% from the prior closing price of 32.4. PRA Group is a financial services company that specializes in debt collection. The company has been in the news recently for its aggressive tactics, which have been criticized by consumer advocates. The downgrade by the analyst was based on concerns about the company’s business model and its regulatory risk.

The analyst said that PRA Group’s shares are overvalued and that the company is facing a number of headwinds. PRA Group has been under scrutiny from regulators and lawmakers in recent months. The company is facing a number of investigations and has been the subject of several lawsuits. PRA Group’s shares have lost nearly half their value since the beginning of the year.

VI Analysis – Pra Group Stock Fair Value Calculator

PRA Group is a debt collection agency that works with businesses and individuals to collect outstanding debts. The company’s fundamentals reflect its long term potential, and the VI app makes it easy to analyze PRA Group’s financials. The intrinsic value of PRA Group’s shares is around $38.6, based on VI’s valuation model. The stock is currently trading at $32.0, which represents a fair price that is undervalued by 17%.

Summary

PRA Group, Inc. is a debt collection agency based in Norfolk, Virginia. PRA Group shares plummeted after an analyst downgrade on Tuesday. At time of writing, media coverage of the downgrade has been mostly negative. The downgrade comes as a surprise to many, as PRA Group has been one of the best-performing stocks in the debt collection industry.