Deutsche Bank Aktiengesellschaft Initiates Coverage on Burford Capital (NYSE:BUR)

Analysts at Deutsche Bank Aktiengesellschaft initiated coverage on shares of Burford Capital (NYSE:BUR) in a report issued on Friday, Marketbeat.com reports. The brokerage set a “buy” rating and a $18.00 price target on the stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 41.51% from the stock’s previous close.

BUR has been the subject of several other reports. Wedbush reissued an “outperform” rating and set a $18.00 target price on shares of Burford Capital in a research note on Friday, August 9th. Jefferies Financial Group reaffirmed a “buy” rating and set a $22.50 price objective on shares of Burford Capital in a research report on Tuesday, July 2nd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $19.63.

Burford Capital Stock Down 2.0 %

BUR opened at $12.72 on Friday. The company has a fifty day moving average of $13.27 and a two-hundred day moving average of $14.21. The company has a debt-to-equity ratio of 0.55, a quick ratio of 11.01 and a current ratio of 11.01. Burford Capital has a fifty-two week low of $12.07 and a fifty-two week high of $17.70. The stock has a market capitalization of $2.79 billion, a price-to-earnings ratio of 8.90 and a beta of 0.53.

Burford Capital (NYSE:BUR) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.10). The business had revenue of $159.65 million for the quarter, compared to analysts’ expectations of $153.00 million. Burford Capital had a return on equity of 12.58% and a net margin of 45.81%. On average, research analysts expect that Burford Capital will post 1.1 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Mithaq Capital SPC purchased a new position in shares of Burford Capital during the 4th quarter worth approximately $355,631,000. Bank of Montreal Can lifted its holdings in Burford Capital by 367.7% in the second quarter. Bank of Montreal Can now owns 5,753,031 shares of the company’s stock valued at $75,077,000 after acquiring an additional 4,523,087 shares during the period. M&G Plc purchased a new stake in shares of Burford Capital during the 1st quarter worth $18,108,000. Bank of New York Mellon Corp increased its holdings in Burford Capital by 4,376.3% in the second quarter. Bank of New York Mellon Corp now owns 1,039,300 shares of the company’s stock valued at $13,563,000 after buying an additional 1,016,082 shares in the last quarter. Finally, Baillie Gifford & Co. increased its stake in Burford Capital by 112.7% in the 1st quarter. Baillie Gifford & Co. now owns 1,327,511 shares of the company’s stock valued at $20,845,000 after purchasing an additional 703,518 shares in the last quarter.

Burford Capital Company Profile

Burford Capital Limited provides legal finance products and services worldwide. The company operates through two segments, Capital Provision, and Asset Management and Other Provision. The Capital Provision segment provides capital to the legal industry or in connection with legal matters directly and through investment in private funds; legal risk management services; lower risk legal finance business focusing on pre-settlement litigation matters with lower risk and lower expected returns; post-settlement finance; and complex strategies in which it acts as a principal and acquires assets that are mispriced.