Several equities research analysts have issued reports on the company. Zacks Investment Research raised NewStar Financial from a “hold” rating to a “strong-buy” rating and set a $11.00 target price for the company in a research note on Friday, February 17th. Keefe, Bruyette & Woods set a $11.00 target price on NewStar Financial and gave the stock a “hold” rating in a research note on Monday, April 10th. ValuEngine raised NewStar Financial from a “hold” rating to a “buy” rating in a research note on Saturday, May 20th. Finally, TheStreet upgraded NewStar Financial from a “d” rating to a “c-” rating in a research report on Monday, April 3rd.
Media coverage about NewStar Financial (NASDAQ:NEWS) has been trending somewhat positive on Friday, AlphaOne Sentiment reports. AlphaOne, a service of Accern, identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real time. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. NewStar Financial earned a news impact score of 0.24 on AlphaOne’s scale. AlphaOne also gave news headlines about the credit services provider an impact score of 100 out of 100, meaning that recent press coverage is extremely likely to have an impact on the company’s share price in the near term.
NewStar Financial (NASDAQ NEWS) traded up 3.85% on Friday, hitting $9.99. The stock had a trading volume of 29,806 shares. NewStar Financial has a one year low of $7.41 and a one year high of $11.37. The company’s 50-day moving average price is $9.76 and its 200 day moving average price is $9.65. The firm has a market cap of $420.31 million, a price-to-earnings ratio of 17.84 and a beta of 1.94. NewStar Financial (NASDAQ:NEWS) last posted its quarterly earnings results on Wednesday, May 3rd. The credit services provider reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.16. NewStar Financial had a return on equity of 0.84% and a net margin of 6.03%. The business had revenue of $20.14 million for the quarter, compared to the consensus estimate of $26.27 million. Analysts expect that NewStar Financial will post $0.54 earnings per share for the current year.
Receive News & Ratings for NewStar Financial Inc Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for NewStar Financial Inc and related companies with MarketBeat.com’s FREE daily email newsletter.