Aaron’s Downgraded by Zacks to Underperform (AAN)
Aaron’s (NYSE:AAN) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a note issued to investors on Thursday, Stock Ratings Network.com reports. They currently have a $26.00 price target on the stock. Zacks‘ target price would suggest a potential downside of 4.97% from the stock’s previous close.
Aaron’s (NYSE:AAN) traded up 1.39% during mid-day trading on Thursday, hitting $27.74. The stock had a trading volume of 361,364 shares. Aaron’s has a 52-week low of $24.61 and a 52-week high of $32.53. The stock’s 50-day moving average is $28.00 and its 200-day moving average is $28.23. The company has a market cap of $2.108 billion and a P/E ratio of 14.80.
Aaron’s (NYSE:AAN) last announced its earnings results on Wednesday, July 24th. The company reported $0.50 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.50. The company had revenue of $552.10 million for the quarter, compared to the consensus estimate of $564.93 million. During the same quarter in the prior year, the company posted $0.47 earnings per share. The company’s quarterly revenue was up 2.5% on a year-over-year basis. Analysts expect that Aaron’s will post $2.03 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on AAN. Analysts at Stifel Nicolaus downgraded shares of Aaron’s from a “buy” rating to a “hold” rating in a research note to investors on Monday, September 23rd. Separately, analysts at Canaccord Genuity cut their price target on shares of Aaron’s from $27.00 to $26.00 in a research note to investors on Friday, July 26th. They now have a “hold” rating on the stock.
Aaron’s, Inc (NYSE:AAN) is a specialty retailer of consumer electronics, computers, residential furniture, household appliances and accessories.
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