B.Riley Starts Atlanticus Holdings Corp. (ATLC) at Buy

June 14, 2021 7:50 AM EDT
Get Alerts ATLC Hot Sheet
Price: $44.04 +1.29%

Rating Summary:
    1 Buy, 0 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 14 | New: 23
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B.Riley analyst Steve Moss initiates coverage on Atlanticus Holdings Corp. (NASDAQ: ATLC) with a Buy rating and a price target of $60.00.

The analyst comments "We believe ATLC is well positioned to grow earnings, as demand for consumer credit will likely remain strong as the economy reopens, unemployment decreases, stimulus abates, and credit trends remain favorable. At 5.4x our 2021 estimate, the stock trades at an ~40% discount to peers. We expect this discount to narrow as the sustainability of profitability becomes apparent and as the strength of the balance sheet continues to improve."

For an analyst ratings summary and ratings history on Atlanticus Holdings Corp. click here. For more ratings news on Atlanticus Holdings Corp. click here.

Shares of Atlanticus Holdings Corp. closed at $39.05 yesterday.

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