Zacks Reiterates “Neutral” Rating for Rent-A-Center (RCII)
Rent-A-Center (NASDAQ:RCII)‘s stock had its “neutral” rating restated by Zacks in a research report issued to clients and investors on Thursday, Analyst Ratings.Net reports. They currently have a $38.00 target price on the stock. Zacks‘ price target would suggest a potential upside of 4.28% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Ned Davis Research upgraded shares of Rent-A-Center from a “neutral” rating to a “buy” rating in a research note to investors on Monday, August 19th. Separately, analysts at Canaccord Genuity raised their price target on shares of Rent-A-Center from $42.00 to $44.00 in a research note to investors on Wednesday, August 14th. They now have a “hold” rating on the stock. Finally, analysts at Raymond James raised their price target on shares of Rent-A-Center from $41.00 to $43.00 in a research note to investors on Thursday, July 25th. They now have an “outperform” rating on the stock. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $40.83.
Rent-A-Center (NASDAQ:RCII) traded up 1.10% during mid-day trading on Thursday, hitting $36.84. The stock had a trading volume of 181,941 shares. Rent-A-Center has a 52-week low of $31.22 and a 52-week high of $40.80. The stock has a 50-day moving average of $37.66 and a 200-day moving average of $37.36. The company has a market cap of $1.967 billion and a P/E ratio of 11.99.
Rent-A-Center (NASDAQ:RCII) last released its earnings data on Monday, July 22nd. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.01. The company had revenue of $760.50 million for the quarter, compared to the consensus estimate of $779.38 million. During the same quarter last year, the company posted $0.74 earnings per share. Rent-A-Center’s revenue was up 1.4% compared to the same quarter last year. Analysts expect that Rent-A-Center will post $3.10 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, October 24th. Stockholders of record on Tuesday, October 1st will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.31%. The ex-dividend date is Friday, September 27th.
Rent-A-Center, Inc is a rent-to-own operator in North America. It provides the customers the ownership of durable products, such as consumer electronics, appliances, computers, furniture and accessories, under rental purchase agreements with no long-term obligation.
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