Consumer Portfolio Services, Inc. (NASDAQ:CPSS) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: April 20, 2017
Yesterday Consumer Portfolio Services, Inc. (NASDAQ:CPSS) traded -1.07% lower at $4.62. The company’s 50-day moving average is $4.84 and its 200-day moving average is $4.87. The last stock close price is down -5.17% relative to the two hundred day average, compared with the S&P 500 Index which has increased 0.03% over the date range. Volume of trade was up over the average, with 97,705 shares of CPSS changing hands over the typical 77,031
Zacks Investment Research has downgraded Consumer Portfolio Services, Inc. (NASDAQ:CPSS) to Sell in a report released on 4/20/2017.
On 2/25/2016, Compass Point reported on Consumer Portfolio Services, Inc. (NASDAQ:CPSS) dropped the target price from $9.00 to $5.00 that indicated a possible upside of 0.21%.
With a total market value of $0, Consumer Portfolio Services, Inc. has 52 week low of $3.31 and a 52 week high of $6.05 with a P/E ratio of 4.57 .
In addition to Zacks Investment Research reporting its stock price target, a total of 5 brokers have issued a research note on the company. The average stock price target is $6.40 with 2 brokers rating the stock a strong buy, 0 firms rating the stock a buy, 3 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Consumer Portfolio Services, Inc. (NASDAQ:CPSS)
Consumer Portfolio Services, Inc. is a specialty finance company. The Company's business is to purchase and service retail automobile contracts originated primarily by franchised automobile dealers and by select independent dealers in the United States in the sale of new and used automobiles, light trucks and passenger vans. Through its automobile contract purchases, the Company provides indirect financing to the customers of dealers having limited credit histories, low incomes or past credit problems, who it refers to as sub-prime customers. It serves as an alternative source of financing for dealers, facilitating sales to customers. The Company offers approximately eight financing programs to its dealership customers and prices each program according to the relative credit risk. Its financing programs are Bravo, First Time Buyer, Mercury/Delta, Standard, Alpha, Alpha Plus, Super Alpha and Preferred.
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