Burford Capital (NYSE:BUR) Stock Rating Raised to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Burford Capital from “sell” to “hold.” Across analysts, the stock has an average “hold” rating and an average price target of $4.12.
• Burford reported quarterly earnings of $0.10 per share, topping the $0.09 consensus estimate, while revenue of $267.38 million exceeded the $109.13 million forecast.
• The stock opened at $3.60 and has traded between $2.86 and $10.10 over the past 52 weeks; its 50-day and 200-day moving averages are $3.70 and $5.12, respectively.

Burford Capital (NYSE:BUR - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Saturday, Wall Street Zen reports.

A number of other brokerages have also commented on BUR. Wedbush set a $3.25 price objective on Burford Capital and gave the stock a "neutral" rating in a research report on Thursday. Weiss Ratings cut Burford Capital from a "sell (d-)" rating to a "sell (e+)" rating in a report on Wednesday, November 4th. Finally, Zacks Research upgraded shares of Burford Capital from a "strong sell" rating to a "hold" rating in a research report on Friday, October 9th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $4.12.

Burford Capital Stock Up 4.2%

NYSE BUR opened at $3.60 on Friday. The stock has a fifty day moving average of $3.70 and a 200-day moving average of $5.12. The stock has a market capitalization of $791.66 million, a P/E ratio of -0.48 and a beta of 1.29. Burford Capital has a 52 week low of $2.86 and a 52 week high of $10.10. The company has a debt-to-equity ratio of 1.53, a quick ratio of 11.94 and a current ratio of 11.94.

Burford Capital (NYSE:BUR - Get Free Report) last released its earnings results on Wednesday, November 4th. The company reported $0.10 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.01. The firm had revenue of $267.38 million for the quarter, compared to the consensus estimate of $109.13 million. During the same quarter in the previous year, the firm earned ($0.09) EPS. On average, equities research analysts forecast that Burford Capital will post 1.46 EPS for the current year.

Institutional Trading of Burford Capital

Institutional investors have recently bought and sold shares of the business. M&G PLC lifted its stake in shares of Burford Capital by 19.8% in the 3rd quarter. M&G PLC now owns 5,413,417 shares of the company's stock valued at $21,256,000 after purchasing an additional 895,689 shares during the period. Aberdeen Group plc boosted its position in shares of Burford Capital by 6.0% in the 3rd quarter. Aberdeen Group plc now owns 2,893,942 shares of the company's stock worth $11,344,000 after purchasing an additional 162,759 shares during the last quarter. Marshall Wace LLP boosted its position in shares of Burford Capital by 507.6% in the 3rd quarter. Marshall Wace LLP now owns 1,538,900 shares of the company's stock worth $6,032,000 after purchasing an additional 1,285,645 shares during the last quarter. Solas Capital Management LLC grew its stake in shares of Burford Capital by 23.4% during the second quarter. Solas Capital Management LLC now owns 1,210,944 shares of the company's stock worth $4,965,000 after purchasing an additional 230,000 shares during the period. Finally, Renaissance Technologies LLC grew its stake in shares of Burford Capital by 15.2% during the first quarter. Renaissance Technologies LLC now owns 958,500 shares of the company's stock worth $4,332,000 after purchasing an additional 126,500 shares during the period.

Burford Capital Company Profile

Burford Capital is a global legal finance company that provides funding and related services to businesses and law firms involved in commercial legal claims. Its offerings include financing for litigation and arbitration costs, portfolio financing for groups of legal matters, and capital solutions that let clients access the potential value of legal claims before they are resolved. The company also provides services related to legal risk management and asset recovery, and manages investment vehicles focused on legal finance.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.