Stock Rating Downgrade
The Value Trend Rating for PRA Group Inc (NASDAQ: PRAA) weakened in recent days from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
PRA Group Inc (NASDAQ: PRAA) stock rose slightly by 0.2% on 11/10/23. The stock closed at $16.03. The stock has been extremely weak relative to the market over the last nine months but has risen 19.5% during the last week.
Current PriceTarget Research Rating
PRAA’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to be Value Creation neutral.
PRA Group has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. PRA Group has a good Appreciation Score of 85 but a very low Power Rating of 1, triggering the Negative Value Trend Rating.
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