Rent-A-Center Upgraded to Buy at Gilford Securities (RCII)
Rent-A-Center (NASDAQ:RCII) was upgraded by stock analysts at Gilford Securities from a “neutral” rating to a “buy” rating in a report issued on Thursday, American Banking & Market News reports.
A number of other analysts have also recently weighed in on RCII. Analysts at Canaccord Genuity raised their price target on shares of Rent-A-Center from $23.00 to $28.00 in a research note on Tuesday. They now have a “hold” rating on the stock. Separately, analysts at Zacks reiterated an “underperform” rating on shares of Rent-A-Center in a research note on Tuesday, February 4th. They now have a $22.00 price target on the stock. Finally, analysts at TheStreet downgraded shares of Rent-A-Center from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Rent-A-Center presently has a consensus rating of “Hold” and an average target price of $30.00.
Rent-A-Center (NASDAQ:RCII) traded up 1.23% on Thursday, hitting $28.416. The stock had a trading volume of 857,841 shares. Rent-A-Center has a one year low of $23.65 and a one year high of $40.80. The stock’s 50-day moving average is $26.1 and its 200-day moving average is $30.25. The company has a market cap of $1.500 billion and a price-to-earnings ratio of 12.10.
Rent-A-Center (NASDAQ:RCII) last released its earnings data on Monday, April 21st. The company reported $0.57 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.56 by $0.01. The company had revenue of $833.00 million for the quarter, compared to the consensus estimate of $840.31 million. During the same quarter in the prior year, the company posted $0.80 earnings per share. The company’s quarterly revenue was up 1.7% on a year-over-year basis. On average, analysts predict that Rent-A-Center will post $2.32 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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