Portfolio Recovery Associates (NASDAQ: PRAA)‘s stock had its “neutral” rating reiterated by Zacks Investment Research in a research report issued to clients and investors on Friday. They currently have a $70.00 price target on the stock.
Portfolio Recovery Associates, Inc. (PRA Inc) is a full-service provider of outsourced receivables management and related services. The Company is engaged in the business of purchasing, managing and collecting portfolios of defaulted consumer receivables, as well as offering a range of accounts receivable management and payment processing services. The majority of the Company’s business activities involve the purchase, management and collection of defaulted consumer receivables. It also provides fee-based services, including collateral-location services for credit originators, through PRA Location Services, LLC (IGS) and revenue administration, audit and debt discovery/recovery services for government entities through PRA Government Services, LLC (RDS) and MuniServices, LLC (MuniServices).
Shares of Portfolio Recovery Associates traded up 0.23% during mid-day trading on Friday, hitting $66.69. Portfolio Recovery Associates has a 52 week low of $56.76 and a 52 week high of $90.95. The stock’s 50-day moving average is $66.18 and its 200-day moving average is $69.38. The company has a market cap of $1.142 billion and a P/E ratio of 12.08.