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Canaccord Genuity dropped their price objective on shares of Rent-A-Center (NASDAQ:RCII) from $31.00 to $23.00 in a research note issued on Tuesday, AnalystRatings.NET reports. The firm currently has a “hold” rating on the stock. Canaccord Genuity’s price target would indicate a potential downside of 26.33% from the stock’s previous close.

A number of other analysts have also recently weighed in on RCII. Analysts at Thomson Reuters/Verus upgraded shares of Rent-A-Center from a “sell” rating to a “hold” rating in a research note to investors on Tuesday, December 24th. Separately, analysts at Zacks reiterated an “underperform” rating on shares of Rent-A-Center in a research note to investors on Tuesday, December 17th. They now have a $30.00 price target on the stock. Finally, analysts at Zacks downgraded shares of Rent-A-Center from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, October 31st. They now have a $31.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. Rent-A-Center has an average rating of “Hold” and an average target price of $35.50.

Rent-A-Center (NASDAQ:RCII) traded down 20.56% on Tuesday, hitting $24.80. The stock had a trading volume of 5,039,626 shares. Rent-A-Center has a 52-week low of $30.74 and a 52-week high of $40.80. The stock’s 50-day moving average is $32.8 and its 200-day moving average is $35.89. The company has a market cap of $1.327 billion and a price-to-earnings ratio of 10.78.

Rent-A-Center (NASDAQ:RCII) last announced its earnings results on Tuesday, January 28th. The company reported $0.25 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.76 by $0.51. The company had revenue of $769.61 million for the quarter, compared to the consensus estimate of $792.12 million. During the same quarter in the prior year, the company posted $0.81 earnings per share. The company’s quarterly revenue was up 1.5% on a year-over-year basis. On average, analysts predict that Rent-A-Center will post $3.20 earnings per share for the current fiscal year.

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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