Rent-A-Center Inc. (RCII) Receives $10.10 Average Price Target from Brokerages

Rent-A-Center Inc. (NASDAQ:RCII) has been given a consensus recommendation of “Hold” by the ten analysts that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $10.10.

A number of equities analysts have weighed in on RCII shares. Jefferies Group LLC reaffirmed a “hold” rating and set a $12.00 target price on shares of Rent-A-Center in a research note on Thursday, September 7th. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Rent-A-Center in a report on Wednesday, October 25th. Zacks Investment Research cut shares of Rent-A-Center from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Stifel Nicolaus reiterated a “hold” rating and set a $13.00 price target (up previously from $11.50) on shares of Rent-A-Center in a report on Friday, July 28th. Finally, Loop Capital set a $8.00 price target on shares of Rent-A-Center and gave the company a “sell” rating in a report on Tuesday, October 31st.

Shares of Rent-A-Center (NASDAQ RCII) traded down $0.37 during midday trading on Friday, hitting $10.93. 962,180 shares of the company’s stock were exchanged, compared to its average volume of 1,778,223. Rent-A-Center has a fifty-two week low of $7.76 and a fifty-two week high of $13.89. The company has a quick ratio of 0.46, a current ratio of 2.55 and a debt-to-equity ratio of 2.69.

Rent-A-Center (NASDAQ:RCII) last announced its earnings results on Monday, October 30th. The company reported ($0.15) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.07). Rent-A-Center had a negative net margin of 6.35% and a negative return on equity of 0.66%. The business had revenue of $643.97 million for the quarter, compared to the consensus estimate of $649.09 million. During the same period in the prior year, the business posted $0.11 EPS. Rent-A-Center’s revenue for the quarter was down 7.2% on a year-over-year basis. sell-side analysts anticipate that Rent-A-Center will post -0.19 EPS for the current year.

Several large investors have recently bought and sold shares of RCII. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Rent-A-Center during the second quarter valued at approximately $120,000. State of Alaska Department of Revenue grew its holdings in shares of Rent-A-Center by 77.1% during the second quarter. State of Alaska Department of Revenue now owns 10,448 shares of the company’s stock valued at $122,000 after buying an additional 4,548 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Rent-A-Center during the second quarter valued at approximately $132,000. Crossmark Global Holdings Inc. purchased a new stake in shares of Rent-A-Center during the third quarter valued at approximately $132,000. Finally, Piedmont Investment Advisors LLC purchased a new stake in Rent-A-Center in the second quarter worth approximately $136,000.

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About Rent-A-Center

Rent-A-Center, Inc is a rent-to-own operator in North America. The Company provides an opportunity to obtain ownership of products, such as consumer electronics, appliances, computers (including tablets), smartphones and furniture (including accessories), under rental purchase agreements. The Company operates in four segments: Core U.S., Acceptance Now, Mexico, and Franchising.

Analyst Recommendations for Rent-A-Center (NASDAQ:RCII)

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