PRA traded at $15.16 this Friday May 15th, increasing $0.44 or 2.99 percent since the previous trading session. Looking back, over the last four weeks, PRA gained 25.61 percent. Over the last 12 months, its price fell by 2.13 percent. Looking ahead, we forecast PRA to be priced at 14.86 by the end of this quarter and at 13.98 in one year, according to Trading Economics global macro models projections and analysts expectations.
PRA Group, Inc. is a financial and business services company with operations in the Americas, Europe and Australia. The Company's primary business is the purchase, collection and management of portfolios of nonperforming loans. The Company purchase portfolios of nonperforming loans at a discount in two categories: Core and Insolvency. Its Core operation specializes in purchasing and collecting nonperforming loans, which it purchases since either the credit originator and/or other third-party collection agencies have been unsuccessful in collecting the full balance owed. Its Insolvency operation consists primarily of purchasing and collecting on nonperforming loan accounts where the customer is involved in a bankruptcy proceeding or the equivalent in some European countries. It also provides fee-based services on class action claims recoveries and by servicing consumer bankruptcy accounts in the United States.