Burford Capital Limited (NYSE:BUR) Stock Has Average Target Price of $8.88

Key Points

• Analysts have a consensus “Hold” rating on Burford Capital, with one sell, three hold, and two buy recommendations. The average 12-month price target is $8.88.
• Shares opened at $3.35, well below the 50-day and 200-day moving averages of $3.91 and $4.25, respectively, and have traded between $2.86 and $11.35 over the past year.
• Burford reported quarterly EPS of $0.01, missing the $0.08 consensus estimate and falling from $0.39 a year earlier. Meanwhile, several institutional investors increased or initiated positions in the stock.

Shares of Burford Capital Limited (NYSE:BUR - Get Free Report) have earned a consensus recommendation of "Hold" from the six research firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $8.88.

A number of equities research analysts recently commented on the stock. 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. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Burford Capital in a research note on Friday, August 7th. Zacks Research upgraded Burford Capital from a "strong sell" rating to a "hold" rating in a report on Friday, October 9th. Finally, Wedbush reaffirmed a "neutral" rating and issued a $3.65 target price on shares of Burford Capital in a research report on Thursday.

Burford Capital Trading Down 0.1%

NYSE:BUR opened at $3.35 on Monday. The company has a current ratio of 9.56, a quick ratio of 9.56 and a debt-to-equity ratio of 1.64. The stock's 50 day simple moving average is $3.91 and its 200-day simple moving average is $4.25. Burford Capital has a 12-month low of $2.86 and a 12-month high of $11.35. The firm has a market cap of $736.69 million, a P/E ratio of -0.44 and a beta of 1.25.

Burford Capital (NYSE:BUR - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.08 by ($0.07). During the same period last year, the firm earned $0.39 earnings per share. Equities analysts anticipate that Burford Capital will post 1.49 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BUR. Abel Hall LLC acquired a new stake in shares of Burford Capital during the third quarter worth approximately $67,000. Farther Finance Advisors LLC lifted its position in Burford Capital by 7.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 57,722 shares of the company's stock valued at $226,000 after purchasing an additional 3,950 shares during the last quarter. IKE Capital LLC bought a new stake in Burford Capital during the 2nd quarter valued at $90,000. Sequoia Financial Advisors LLC bought a new position in Burford Capital in the 2nd quarter valued at about $44,000. Finally, Solas Capital Management LLC boosted its stake in Burford Capital by 23.4% during the 2nd quarter. Solas Capital Management LLC now owns 1,210,944 shares of the company's stock valued at $4,965,000 after purchasing an additional 230,000 shares in the last quarter.

About Burford Capital

Burford Capital Limited NYSE: BUR is a global legal finance and asset management firm. The company provides capital to businesses and law firms involved in commercial litigation and arbitration, allowing clients to finance legal expenses, manage risk, or access the potential value of legal claims and judgments without relying solely on their balance sheets.

Its services include single-case and portfolio litigation finance, post-settlement and judgment monetization, legal asset management, and corporate legal finance.

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