Zacks' 7 Best Stocks for June, 2013
FREE Report for Zacks.com
Visitors Only

They're hand-picked from the list of Zacks Rank #1 Strong Buys. Our experts predict that their prices will jump the soonest.

Today, you can see them free.

Close This Panel X

Are you a new Zacks Member or a visitor to Zacks.com?

Recent Quotes

No Recent Quote currently available

My Portfolio

My Portfolio Tracker

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts. Set yours up today.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Stocks on the Move 06/19/2013

Company Name Symbol %Change
OLD SECOND B OSBC
4.04%
SONIC FOUNDR SOFO
3.73%
SUMITOMO MIT SMFG
3.61%
VANTIV INC VNTV
3.21%
NIPPON TELEG NTT
2.91%

Portfolio Recovery, Inc. (PRAA)

by Zacks Equity Research

August 31, 2012 | Comments : 0 Recommended this article: (0)

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

We are upgrading our recommendation on Portfolio Recovery, Inc. (PRAA) to Outperform from Neutral based on its strong cash collections and strategic acquisitions. The company's second quarter earnings surpassed the Zacks Consensus Estimate and the year-ago earnings on account of strong top-line growth attributable to continuous improvement in cash collections.

Call center, legal and purchased bankruptcy collections drove the topline growth. Even the performance of the fee-for-service business showed improvement after posting weak results in the past few quarters. The balance sheet also strengthened with higher cash and shareholder equity.

Long-term investments are benefiting the core portfolio, while strategic acquisitions are accelerating earnings growth. The credit facility will further enhance the company's liquidity, auguring well for Portfolio Recovery's long-term expansion plans. Our six-month target price of $120.00 per share equates to about 16.8x our earnings estimate for 2012. This target price implies an expected total return of 20% over that period.

Email Print Share Rate Pos Rate Neg

Read/Post Comments (0) | Recommended this article (0)

Please login to Zacks.com or register to post a comment.

Zacks Research is Reported On:

Zacks Investment Research

is an A+ Rated BBB

Accredited Business.