Burford Capital Limited (NYSE:BUR) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Burford Capital has a consensus “Hold” rating from six analysts: three holds, two buys and one sell. The average 12-month price target is $9.33, versus a recent share price of $4.33.
• Analyst sentiment remains mixed, with Deutsche Bank downgrading the stock to “Hold,” Zacks Research cutting it to “Strong Sell,” and B. Riley maintaining a “Buy” rating.
• Several institutional investors increased or initiated positions in BUR, while the company’s latest quarterly earnings came in below expectations at $0.01 per share, despite revenue of $110.68 million exceeding estimates.

Shares of Burford Capital Limited (NYSE:BUR - Get Free Report) have received a consensus rating of "Hold" from the six research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $9.3333.

BUR has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft downgraded shares of Burford Capital from a "buy" rating to a "hold" rating and set a $5.00 price objective for the company. in a report on Monday, May 11th. Wedbush boosted their price target on shares of Burford Capital from $4.75 to $5.00 and gave the stock a "neutral" rating in a research report on Monday, May 11th. Zacks Research lowered shares of Burford Capital from a "hold" rating to a "strong sell" rating in a research note on Monday. B. Riley Financial reiterated a "buy" rating on shares of Burford Capital in a report on Thursday, May 14th. Finally, Wall Street Zen upgraded shares of Burford Capital from a "strong sell" rating to a "sell" rating in a research note on Saturday.

Hedge Funds Weigh In On Burford Capital

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BUR. Hsbc Holdings PLC bought a new stake in shares of Burford Capital in the 1st quarter worth $1,626,000. KBC Group NV grew its holdings in Burford Capital by 8,916.0% during the first quarter. KBC Group NV now owns 640,497 shares of the company's stock worth $2,895,000 after acquiring an additional 633,393 shares during the period. Y Intercept Hong Kong Ltd grew its holdings in Burford Capital by 181.8% during the first quarter. Y Intercept Hong Kong Ltd now owns 217,931 shares of the company's stock worth $985,000 after acquiring an additional 140,595 shares during the period. Greenhaven Road Investment Management L.P. raised its position in Burford Capital by 16.4% in the fourth quarter. Greenhaven Road Investment Management L.P. now owns 1,865,312 shares of the company's stock worth $16,639,000 after acquiring an additional 262,500 shares in the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in Burford Capital in the first quarter worth about $2,226,000.

Burford Capital Stock Up 1.3%

Shares of Burford Capital stock opened at $4.33 on Wednesday. The company has a debt-to-equity ratio of 1.64, a current ratio of 9.56 and a quick ratio of 9.56. Burford Capital has a 1-year low of $3.59 and a 1-year high of $14.14. The business's fifty day moving average price is $4.25 and its two-hundred day moving average price is $5.86. The company has a market capitalization of $951.88 million, a P/E ratio of -0.56, a PEG ratio of 0.05 and a beta of 1.25.

Burford Capital (NYSE:BUR - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.07). The business had revenue of $110.68 million during the quarter, compared to the consensus estimate of $103.08 million. Burford Capital had a return on equity of 10.24% and a net margin of 15.14%.During the same period in the previous year, the company posted $0.39 EPS. As a group, research analysts forecast that Burford Capital will post 2.11 EPS for the current year.

Burford Capital Company Profile

Burford Capital NYSE: BUR is a leading global finance firm that specializes in litigation and arbitration funding, risk management, and asset recovery. The company provides capital to law firms and corporate clients to finance legal fees and associated costs in commercial disputes. In exchange for funding, Burford shares in any awards or settlements, enabling clients to pursue meritorious claims without bearing upfront legal expenses.

Founded in 2009 by Christopher Bogart, Burford was among the first firms to establish a dedicated litigation finance business.

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