Zacks: GWG Holdings (GWGH) Receives Consensus Rating of “Strong Buy” from Analysts

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.

GWGH traded down $0.19 during mid-day trading on Thursday, reaching $8.16. 451 shares of the stock were exchanged, compared to its average volume of 4,757. The company has a debt-to-equity ratio of -16.72, a current ratio of 15.75 and a quick ratio of 15.75. The company has a market capitalization of $47.96, a price-to-earnings ratio of 2.64 and a beta of 0.46. GWG has a 1 year low of $7.60 and a 1 year high of $10.95.

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.

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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.

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