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JMP Securities has decided to maintain its Market Outperform rating of Atlanticus Holdings (NASDAQ:ATLC) and lower its price target from $48.00 to $42.00.
Shares of Atlanticus Holdings are trading up 0.0% over the last 24 hours, at $28.19 per share.
A move to $42.00 would account for a 48.99% increase from the current share price.
Atlanticus Holdings Corp invests in the financial services industry. It provides various credit and related financial services and products to or associated with the financially underserved consumer credit market. The operating business segments are the Credit as a Service and the Auto Finance segment. It generates maximum revenue from the Credit as a Service segment.
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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Posted In: ATLC
