Aaron's Upgraded to Buy by McLean Capital Management (AAN)
Aaron's (NYSE:AAN) was upgraded by stock analysts at McLean Capital Management from a “neutral” rating to a “buy” rating in a report issued on Friday, Analyst Ratings.Net reports.
A number of other analysts have also recently weighed in on AAN. Analysts at KeyCorp downgraded shares of Aaron's from a “buy” rating to a “hold” rating in a research note on Friday, February 7th. Separately, analysts at Canaccord Genuity raised their price target on shares of Aaron's from $25.00 to $27.00 in a research note on Friday, February 7th. They now have a “hold” rating on the stock. Finally, analysts at Zacks downgraded shares of Aaron's from a “neutral” rating to an “underperform” rating in a research note on Thursday, January 16th. They now have a $25.40 price target on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $26.20.
Aaron's (NYSE:AAN) traded up 1.99% during mid-day trading on Friday, hitting $30.29. 557,327 shares of the company’s stock traded hands. Aaron's has a one year low of $24.61 and a one year 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 $2.279 billion and a P/E ratio of 18.80.
Aaron's (NYSE:AAN) last posted its quarterly earnings results on Friday, February 7th. The company reported $0.48 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.48 earnings per share. The company’s quarterly revenue was down 2.6% on a year-over-year basis. On average, analysts predict that Aaron's will post $1.87 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, April 1st. Stockholders of record on Tuesday, March 4th will be given a dividend of $0.021 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend is Friday, February 28th.
Aaron’s, Inc (NYSE:AAN) is a specialty retailer of consumer electronics, computers, residential furniture, household appliances and accessories.
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