Zacks cuts PRA Group stock rating to Hold by October 8, 2026
Published on 10/08/2026 at 17:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- Zacks Research cut PRA Group from strong-buy to hold on October 8, 2026.
- PRA Group stock was EUR 17.90 at Lang & Schwarz, down 1.38 percent from EUR 18.15.
- Second-quarter 2026 revenue rose 29.00 percent to USD 372.17 million, while net income reached USD 58.00 million.
- PRA Group priced USD 400.0 million of 8.500 percent senior notes due 2033 on September 29, 2026.
PRA Group stock was trading at EUR 17.90 at Lang & Schwarz on October 8, 2026 at 5:49 p.m. CEST, down 1.38 percent from the EUR 18.15 prior close. On October 8, MarketBeat reported that Zacks Research had cut PRA Group from strong-buy to hold.
Three events shape the stock
On August 6, 2026, PRA Group reported second-quarter revenue of USD 372.17 million, up 29.00 percent, and net income of USD 58.00 million. Benzinga also reported cash collections of USD 559.00 million, up 4.00 percent year over year, and adjusted EBITDA of USD 1.40 billion, up 10.00 percent.
On September 29, 2026, PRA Group priced USD 400.0 million of 8.500 percent senior notes due 2033. The company said the proceeds would help repay USD 400.0 million of borrowings under its North American revolving credit facility, according to StockTitan.
On October 8, 2026, the Zacks rating change became the latest dated development. MarketBeat said one analyst rated the stock Buy, three rated it Hold and one rated it Sell, with an average target of USD 26.00.
What does the debt move change?
The note offering changes the funding mix rather than adding the same amount of gross borrowing. Replacing USD 400.0 million of revolving debt with senior notes bearing an 8.500 percent coupon gives the company a longer-dated liability, with the notes due in 2033.
The second-quarter figures provide the operating counterweight. Cash collections rose 4.00 percent year over year to USD 559.00 million, while portfolio income rose 7.00 percent to USD 268.00 million. Net leverage fell to 2.67 times from 2.71 times in the first quarter, according to the Benzinga transcript.
Next date for PRA Group
The next explicitly listed earnings date is November 9, 2026, according to ToAlpha. That date gives investors a scheduled checkpoint after the rating change and the refinancing announcement.
Stock remains below its yearly high
PRA Group was trading at EUR 17.90 at Lang & Schwarz on October 8, 2026 at 5:49 p.m. CEST in after-hours trading, down 1.38 percent versus the EUR 18.15 prior close dated October 7, 2026. The primary NASDAQ quote had a 52-week range of USD 10.25 to USD 22.55 and a market capitalization of USD 764.7 million as of October 8, 2026. The further course of trading is shown by the continuously updated real-time quote of PRA Group stock.
PRA Group stock facts
- Company: PRA Group, Inc.
- ISIN: US69354N1063
- Ticker: PRAA
- Primary exchange: NASDAQ Global Select Market
- Price Lang & Schwarz as of October 8, 2026, 5:49 p.m. CEST: EUR 17.90
- Change versus prior close: minus 1.38 percent
- Prior close Lang & Schwarz October 7, 2026: EUR 18.15
- Market capitalization: USD 764.7 million as of October 8, 2026
- 52-week range: USD 10.25-22.55 as of October 8, 2026
- Sector / Industry: Financial Services / Financial - Credit Services
- Next earnings date: November 9, 2026
Market context: Market report S&P 500.
