Zacks Reiterates “Neutral” Rating for Rent-A-Center (RCII)
Rent-A-Center (NASDAQ:RCII)‘s stock had its “neutral” rating reaffirmed by Zacks in a research note issued on Monday. They currently have a $30.00 target price on the stock. Zacks‘s price target points to a potential upside of 3.34% from the stock’s previous close.
Rent-A-Center (NASDAQ:RCII) traded down 0.24% on Monday, hitting $28.96. 113,301 shares of the company’s stock traded hands. Rent-A-Center has a 52 week low of $23.65 and a 52 week high of $40.80. The stock’s 50-day moving average is $28.68 and its 200-day moving average is $28.18. The company has a market cap of $1.529 billion and a P/E ratio of 14.14.
Rent-A-Center (NASDAQ:RCII) last issued its quarterly 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.
Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet upgraded shares of Rent-A-Center from a “hold” rating to a “buy” rating in a research note on Wednesday, May 14th. Separately, analysts at Gilford Securities upgraded shares of Rent-A-Center from a “neutral” rating to a “buy” rating in a research note on Thursday, April 24th. Finally, 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, April 22nd. They now have a “hold” rating on the stock. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $32.67.
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.
To view Zacks’ full report, visit Zacks’ official website.
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