Zacks: GWG Holdings Inc (GWGH) Receives Average Recommendation of “Strong Buy” from Brokerages

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GWG Holdings Inc (NASDAQ:GWGH) has earned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.

Brokers have set a twelve-month consensus target price of $14.50 for the company and are forecasting that the company will post ($1.49) EPS for the current quarter, according to Zacks. Zacks has also given GWG an industry rank of 99 out of 255 based on the ratings given to related companies.

A number of analysts recently commented on the company. ValuEngine downgraded GWG from a “hold” rating to a “sell” rating in a research report on Monday, May 14th. Zacks Investment Research raised GWG from a “hold” rating to a “buy” rating and set a $9.50 price objective for the company in a report on Thursday, April 5th.

Shares of GWGH remained flat at $$8.03 on Thursday. The company has a quick ratio of 22.17, a current ratio of 22.17 and a debt-to-equity ratio of -13.97. The company has a market capitalization of $44.47 million, a price-to-earnings ratio of 2.54, a P/E/G ratio of 0.19 and a beta of 0.45. GWG has a 12 month low of $7.28 and a 12 month high of $10.95.

GWG (NASDAQ:GWGH) last issued its quarterly earnings results on Monday, May 14th. The financial services provider reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.64) by $1.10. The company had revenue of $14.54 million during the quarter, compared to the consensus estimate of $20.23 million. GWG had a negative return on equity of 78.98% and a negative net margin of 56.86%. research analysts predict that GWG will post 2.01 earnings per share for the current year.

About GWG

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 appointed agents.

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