Burford Capital Limited (NYSE:BUR) Stock Has Consensus Price Target of $9.33

Key Points

• Analysts have a consensus “Hold” rating on Burford Capital, with two sells, two holds and two buys. The average 12-month price target is $9.33, well above the stock’s recent opening price of $3.91.
• Burford’s shares have declined significantly, trading near their 52-week low of $3.57 versus a high of $12.07. Recent analyst actions have generally been negative, including downgrades to “sell” and “strong sell.”
• The company reported quarterly earnings of $0.01 per share, missing the $0.08 consensus estimate, though it posted a 15.14% net margin and 10.24% return on equity. Several hedge funds recently initiated or increased positions in the stock.

Shares of Burford Capital Limited (NYSE:BUR - Get Free Report) have been given an average rating of "Hold" by the six brokerages that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $9.33.

BUR has been the subject of several recent research reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of Burford Capital in a report on Friday, August 7th. Wall Street Zen upgraded Burford Capital from a "strong sell" rating to a "sell" rating in a research note on Saturday, August 8th. Finally, Zacks Research lowered Burford Capital from a "hold" rating to a "strong sell" rating in a research report on Monday, August 10th.

Burford Capital Stock Performance

BUR stock opened at $3.91 on Thursday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 9.56 and a current ratio of 9.56. The stock has a market cap of $857.90 million, a P/E ratio of -0.51, a P/E/G ratio of 0.07 and a beta of 1.25. The firm has a 50 day simple moving average of $4.21 and a 200 day simple moving average of $4.62. Burford Capital has a 52 week low of $3.57 and a 52 week high of $12.07.

Burford Capital (NYSE:BUR - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.01 earnings per share 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 quarter last year, the business posted $0.39 earnings per share. Research analysts anticipate that Burford Capital will post 1.55 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Burford Capital

A number of hedge funds have recently added to or reduced their stakes in BUR. Langdon Equity Partners acquired a new position in shares of Burford Capital in the fourth quarter valued at $19,661,000. KBC Group NV boosted its stake 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 buying an additional 633,393 shares in the last quarter. Odyssean LLC bought a new stake in Burford Capital in the 2nd quarter valued at $2,512,000. Cibc World Market Inc. bought a new stake in Burford Capital in the 4th quarter valued at $4,467,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Burford Capital in the 1st quarter valued at $2,226,000.

About Burford Capital

Burford Capital Limited NYSE: BUR is a global finance and asset management firm focused on the legal sector. The company provides capital to corporations, law firms and other organizations involved in commercial litigation, arbitration and other legal claims, allowing clients to fund legal expenses or monetize the potential value of legal assets without relying solely on their own balance sheets.

Burford's services include financing individual legal matters, portfolios of claims and law firm receivables, as well as providing capital for post-settlement recoveries, insolvency proceedings and complex legal-risk transactions.

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