Should Investors Be Buying Conn’s (NASDAQ:CONN) Shares? Stifel Upgrades The Stock

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Conn’s (NASDAQ:CONN) Stock Upgrade

In a comprehensive report revealed on Tuesday, 1 December, Stifel lifted Conn’s (NASDAQ:CONN) shares to respectable “Buy” rating from a “Hold”. They now have a $35 TP on shares. and their TP would indicate a possible upside of 31.23% over the last stock close.

Approximately 400 shares of stock traded hands. CONN’S, Inc. (NASDAQ:CONN) has declined 10.23% since April 28, 2015 and is downtrending. It has underperformed by 8.61% the S&P500.

Analysts await CONN’S, Inc. (NASDAQ:CONN) to reports earnings on December, 8. They expect $0.41 EPS, up 612.50% or $0.49 from last year’s $-0.08 per share. CONN’s profit will be $14.61M for 16.83 P/E if the $0.41 EPS becomes reality. After $0.47 actual EPS reported by CONN’S, Inc. for the previous quarter, Wall Street now forecasts -12.77% negative EPS growth.

Conn’s, Inc. is a retailer that offers a selection of durable consumer goods and related services in addition to a credit solution for its primary credit constrained consumers. The company has a market cap of $983.53 million. The Firm operates business through its retail stores and Website. It has 22.1 P/E ratio. The Firm operates through two divisions: retail and credit.

According to Zacks Investment Research, “Conns Inc is a specialty retailer currently operating retail locations in Texas and Louisiana. It sells major home appliances, including refrigerators, freezers, washers, dryers and ranges, and a variety of consumer electronics, including projection, plasma and LCD televisions, camcorders, VCRs, DVD players and home theater products. They also sell home office equipment, lawn and garden products and bedding, and continue to introduce additional product categories for the home to help increase same store sales and to respond to their customers’ product needs.” Get a free copy of the Zacks research report on CONN’S, Inc. (CONN)

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