Aaron’s Given New $27.00 Price Target at Canaccord Genuity (AAN)
Equities research analysts at Canaccord Genuity increased their price target on shares of Aaron’s (NYSE:AAN) from $25.00 to $27.00 in a research note issued to investors on Friday, Analyst RN reports. The firm currently has a “hold” rating on the stock. Canaccord Genuity’s price target points to a potential downside of 4.66% from the company’s current price.
AAN has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of Aaron’s from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, January 16th. They now have a $25.40 price target on the stock.
Aaron’s (NYSE:AAN) traded up 4.70% on Friday, hitting $28.32. 13,451,245 shares of the company’s stock traded hands. Aaron’s has a 52 week low of $24.61 and a 52 week high of $32.53. The stock has a 50-day moving average of $28.00 and a 200-day moving average of $28.23. The company has a market cap of $2.160 billion and a price-to-earnings ratio of 15.38.
Aaron’s (NYSE:AAN) last posted its quarterly earnings results on Friday, February 7th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.19. The company had revenue of $553.90 million for the quarter, compared to the consensus estimate of $557.44 million. During the same quarter last year, the company posted $0.48 earnings per share. Aaron’s's revenue was down 2.6% compared to the same quarter last year.
Aaron’s, Inc (NYSE:AAN) is a specialty retailer of consumer electronics, computers, residential furniture, household appliances and accessories.
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