JMP Securities analyst David Scharf maintained a Buy rating on Atlanticus Holdings (ATLC – Research Report) today and set a price target of $39.00. The company’s shares closed last Friday at $28.91.
Scharf covers the Financial sector, focusing on stocks such as Bread Financial Holdings, Encore Capital, and Atlanticus Holdings. According to TipRanks, Scharf has an average return of 8.9% and a 49.85% success rate on recommended stocks.
Currently, the analyst consensus on Atlanticus Holdings is a Strong Buy with an average price target of $46.33.
ATLC market cap is currently $428M and has a P/E ratio of 6.81.
Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is neutral on the stock.
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Atlanticus Holdings (ATLC) Company Description:
Atlanticus Holdings Corp. is a financial holding company, which engagse in the provision of financial services. It operates through Credit and Other Investments; and Auto Finance segments. The Credit and Other Investments segment includes point-of-sale and direct-to-consumer finance operations, investments in and servicing of its credit card receivables portfolios, product development, and limited investment in consumer finance technology platforms that capitalize on its credit infrastructure. The Auto Finance segment offers purchases and services loans secured by automobiles from or for a pre-qualified network of independent automotive dealers and automotive finance companies in the buy-here, pay-here used car business. The company was founded by David G. Hanna in August 1996 and is headquartered in Atlanta, GA.
