Burford Capital Limited (NYSE:BUR) Receives Average Rating of "Hold" from Analysts

Key Points

• Analysts have an average “Hold” rating on Burford Capital, split evenly among two buy, two hold, and two sell recommendations. The average 12-month price target is $9.33.
• Burford Capital shares opened at $4.34, near their 50-day moving average of $4.24 and well below the 12-month high of $13.58. The stock has a market capitalization of approximately $953 million.
• The company reported quarterly EPS of $0.01, missing analysts’ $0.08 consensus estimate and declining from $0.39 in the prior-year period. Several institutional investors recently initiated positions in the stock.

Burford Capital Limited (NYSE:BUR - Get Free Report) has been given an average rating of "Hold" by the six brokerages that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $9.3333.

BUR has been the topic of a number of recent research reports. Wedbush lifted their target price on Burford Capital from $4.75 to $5.00 and gave the stock a "neutral" rating in a report on Monday, May 11th. B. Riley Financial reiterated a "buy" rating on shares of Burford Capital in a research report on Thursday, May 14th. Deutsche Bank Aktiengesellschaft cut Burford Capital from a "buy" rating to a "hold" rating and set a $5.00 price target on the stock. in a research note on Monday, May 11th. Wall Street Zen raised shares of Burford Capital from a "strong sell" rating to a "sell" rating in a research note on Saturday, August 8th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Burford Capital in a report on Friday, August 7th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Strs Ohio purchased a new stake in Burford Capital in the 1st quarter worth about $55,000. Quadrant Capital Group LLC purchased a new position in Burford Capital during the 4th quarter valued at about $53,000. XP Advisory US Inc. purchased a new position in Burford Capital during the 2nd quarter valued at about $31,000. Insigneo Advisory Services LLC acquired a new position in shares of Burford Capital in the 4th quarter valued at about $93,000. Finally, Equitable Holdings Inc. acquired a new position in Burford Capital in the 4th quarter valued at approximately $94,000.

Burford Capital Stock Performance

NYSE:BUR opened at $4.34 on Friday. Burford Capital has a twelve month low of $3.59 and a twelve month high of $13.58. The firm has a market cap of $952.98 million, a price-to-earnings ratio of -0.56, a price-to-earnings-growth ratio of 0.05 and a beta of 1.25. The company has a 50-day moving average of $4.24 and a 200-day moving average of $5.24. The company has a current ratio of 9.56, a quick ratio of 9.56 and a debt-to-equity ratio of 1.64.

Burford Capital (NYSE:BUR - Get Free Report) last posted 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). Burford Capital had a net margin of 15.14% and a return on equity of 10.24%. During the same period in the prior year, the firm posted $0.39 earnings per share. Analysts forecast that Burford Capital will post 2.11 earnings per share for the current fiscal year.

About Burford Capital

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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source