Shares of GWG Holdings (NASDAQ:GWGH) have received a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.
Brokers have set a twelve-month consensus price objective of $14.50 for the company and are forecasting that the company will post ($1.27) EPS for the current quarter, according to Zacks. Zacks has also assigned GWG an industry rank of 37 out of 265 based on the ratings given to related companies.
A number of equities research analysts have recently commented on the company. ValuEngine cut GWG from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research cut GWG from a “buy” rating to a “hold” rating in a research note on Friday, April 6th. Finally, Maxim Group reiterated a “buy” rating and set a $14.00 target price on shares of GWG in a research note on Tuesday, January 23rd.
GWG (NASDAQ:GWGH) last released its earnings results on Thursday, March 29th. The financial services provider reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.60) by $0.81. The company had revenue of $17.68 million for the quarter, compared to analysts’ expectations of $20.38 million. GWG had a negative return on equity of 70.10% and a negative net margin of 40.62%. equities analysts anticipate that GWG will post -0.19 EPS for the current year.
COPYRIGHT VIOLATION WARNING: “Zacks: GWG Holdings (GWGH) Receives Consensus Rating of “Strong Buy” from Analysts” was originally reported by Dakota Financial News and is the sole property of of Dakota Financial News. If you are reading this piece on another website, it was stolen and republished in violation of US & international trademark & copyright laws. The correct version of this piece can be accessed at https://dakotafinancialnews.com/2018/04/12/zacks-gwg-holdings-gwgh-receives-consensus-rating-of-strong-buy-from-analysts.html.
GWG Company Profile
GWG Holdings, Inc, a financial services company, purchases life insurance policies in the secondary market in the United States. It purchases or finances life insurance assets from consumers in the secondary market at a discount to the face value of the policy benefit. The company also purchases policies in the secondary market through financial advisors and life insurance agents, as well as through its appointed agent program.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for GWG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GWG and related companies with MarketBeat.com's FREE daily email newsletter.