How Analysts Feel About Consumer Portfolio Services, Inc. (CPSS) After Forming Bullish Inverse H&S Chart Pattern?

January 23, 2018 - By Hazel Jackson

Investors sentiment decreased to 0.65 in 2017 Q3. Its down 0.29, from 0.94 in 2017Q2. It turned negative, as 6 investors sold Consumer Portfolio Services, Inc. shares while 14 reduced holdings. 4 funds opened positions while 9 raised stakes. 10.51 million shares or 0.55% less from 10.57 million shares in 2017Q2 were reported.
Goldman Sachs Group Inc Inc owns 12,639 shares. Rbf Limited Liability Corporation reported 60,000 shares or 0.03% of all its holdings. Continental Advsrs Ltd Co accumulated 1.33 million shares or 1.38% of the stock. Numeric Invsts Ltd Llc holds 0.01% of its portfolio in Consumer Portfolio Services, Inc. (NASDAQ:CPSS) for 217,105 shares. Susquehanna Int Ltd Liability Partnership holds 0% of its portfolio in Consumer Portfolio Services, Inc. (NASDAQ:CPSS) for 56,013 shares. Tower Rech Cap Ltd (Trc) invested in 0% or 291 shares. Financial Bank Of America Corporation De accumulated 29,543 shares. Macquarie Gru Ltd invested 0% in Consumer Portfolio Services, Inc. (NASDAQ:CPSS). Peak6 Lp has invested 0% in Consumer Portfolio Services, Inc. (NASDAQ:CPSS). Blackrock Inc reported 1.29M shares. Moreover, Millennium Mngmt Limited Liability Company has 0% invested in Consumer Portfolio Services, Inc. (NASDAQ:CPSS) for 29,178 shares. 3,925 were accumulated by Valley Advisers. Bridgeway Capital Mngmt holds 0.05% of its portfolio in Consumer Portfolio Services, Inc. (NASDAQ:CPSS) for 919,050 shares. Vanguard Gp holds 0% or 707,366 shares in its portfolio. California Pub Employees Retirement Systems reported 111,500 shares.

Since August 2, 2017, it had 0 insider purchases, and 5 selling transactions for $813,390 activity. $631,500 worth of stock was sold by SECOND CURVE CAPITAL LLC on Tuesday, December 19.

The stock of Consumer Portfolio Services, Inc. (CPSS) formed H&SI with $4.58 price target or 7.00 % above the current $4.28 share price. The 9 months Head & Shoulders Inverse reveals low risk for the $93.20 million company. This trade was featured by Faxor.com on Jan, 23. If the $4.58 target price is reached, the company’s valuation will be $6.52M more.
Inverse Head-and-shoulders are some of the best chart patterns to trade. These formations work as in bear as in bull markets and many researchers states that they have very low failure rates. Despite the high pullback rate, these trading patterns are usually good places to trade based on their risk-reward profile. Industry experts’s backtests show that 55% of these patterns reach their targets.

The stock increased 3.38% or $0.14 during the last trading session, reaching $4.28. About 83,825 shares traded or 71.20% up from the average. Consumer Portfolio Services, Inc. (NASDAQ:CPSS) has risen 24.05% since January 23, 2017 and is uptrending. It has outperformed by 7.35% the S&P500.

Analysts await Consumer Portfolio Services, Inc. (NASDAQ:CPSS) to report earnings on February, 13. They expect $0.16 EPS, down 38.46 % or $0.10 from last year’s $0.26 per share. CPSS’s profit will be $3.48M for 6.69 P/E if the $0.16 EPS becomes a reality. After $0.17 actual EPS reported by Consumer Portfolio Services, Inc. for the previous quarter, Wall Street now forecasts -5.88 % negative EPS growth.

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Ratings Coverage

Among 3 analysts covering Consumer Portfolio Services (NASDAQ:CPSS), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Consumer Portfolio Services has $600 highest and $5.50 lowest target. $5.75’s average target is 34.35% above currents $4.28 stock price. Consumer Portfolio Services had 5 analyst reports since February 25, 2016 according to SRatingsIntel. Jefferies maintained the shares of CPSS in report on Thursday, September 7 with “Buy” rating. The firm has “Buy” rating given on Monday, July 24 by Jefferies. The firm earned “Market Perform” rating on Wednesday, March 16 by JMP Securities. Compass Point downgraded the shares of CPSS in report on Thursday, February 25 to “Neutral” rating. The stock has “Buy” rating by Jefferies on Thursday, June 15.

More notable recent Consumer Portfolio Services, Inc. (NASDAQ:CPSS) news were published by: Globenewswire.com which released: “CPS Announces $224.8 Million Senior Subordinate Asset-Backed Securitization” on July 26, 2017, also Seekingalpha.com with their article: “Consumer Portfolio Services’ (CPSS) CEO Charles Bradley on Q1 2017 Results …” published on April 21, 2017, Seekingalpha.com published: “Consumer Portfolio Services’ (CPSS) CEO Charles Bradley on Q3 2017 Results …” on October 24, 2017. More interesting news about Consumer Portfolio Services, Inc. (NASDAQ:CPSS) were released by: Streetinsider.com and their article: “Consumer Portfolio Services (CPSS) Announces $190M Senior Subordinate Asset …” published on January 16, 2018 as well as Seekingalpha.com‘s news article titled: “Consumer Portfolio Services, Inc. – Value In An Expensive Market” with publication date: March 14, 2017.

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