Atlanticus (NASDAQ:ATLC) Stock Price Target Raised at Citizens Jmp

Atlanticus (NASDAQ:ATLC) had its price objective upped by equities researchers at Citizens Jmp from $110.00 to $117.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has a “market outperform” rating on the credit services provider’s stock. Citizens Jmp‘s price target would suggest a potential upside of 44.23% from the stock’s current price.

Several other brokerages have also issued reports on ATLC. BTIG Research dropped their price objective on Atlanticus from $179.00 to $150.00 and set a “buy” rating on the stock in a report on Friday. Wall Street Zen downgraded shares of Atlanticus from a “strong-buy” rating to a “buy” rating in a report on Saturday. Texas Capital raised Atlanticus from a “hold” rating to a “strong-buy” rating in a report on Monday, July 13th. Citigroup reissued a “market outperform” rating on shares of Atlanticus in a report on Tuesday. Finally, HSBC set a $144.00 price target on Atlanticus in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Atlanticus presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.00.

Atlanticus Trading Down 11.1%

ATLC opened at $81.12 on Tuesday. The business has a fifty day moving average price of $92.09 and a 200 day moving average price of $81.21. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.26 and a quick ratio of 1.26. Atlanticus has a 12 month low of $47.50 and a 12 month high of $114.34. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 7.15 and a beta of 1.80.

Atlanticus (NASDAQ:ATLC) last issued its quarterly earnings results on Thursday, November 5th. The credit services provider reported $3.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.99 by $0.01. Atlanticus had a net margin of 5.80% and a return on equity of 25.17%. The company had revenue of $775.85 million during the quarter, compared to the consensus estimate of $775.08 million. Sell-side analysts expect that Atlanticus will post 9.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Atlanticus

A number of institutional investors have recently modified their holdings of the company. Financial Management Professionals Inc. purchased a new position in shares of Atlanticus during the second quarter valued at approximately $33,000. USA Financial Formulas acquired a new position in Atlanticus in the 3rd quarter valued at $39,000. Pinnacle Wealth Planning Services Inc. acquired a new position in Atlanticus in the 3rd quarter valued at $87,000. Walleye Capital LLC acquired a new position in Atlanticus in the 2nd quarter valued at $208,000. Finally, Diversified Trust Co lifted its stake in shares of Atlanticus by 19.3% during the 3rd quarter. Diversified Trust Co now owns 2,616 shares of the credit services provider’s stock worth $229,000 after purchasing an additional 424 shares during the period. Institutional investors and hedge funds own 14.15% of the company’s stock.

Atlanticus Company Profile

Atlanticus Holdings Corporation is a financial technology and consumer finance company that provides credit products to consumers, including people who may have limited access to traditional credit. It works with banks, retailers and other partners to offer credit cards, installment loans and point-of-sale financing.

The company’s offerings include general-purpose and private-label credit cards, as well as financing for purchases in areas such as healthcare and home improvement. Atlanticus also provides financing solutions through relationships with auto dealers and other businesses.

Founded in 1996 as CompuCredit, the company later adopted the Atlanticus name.