Rent-A-Center (RCII) Stock Rating Upgraded by BidaskClub
Rent-A-Center (NASDAQ:RCII) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Wednesday.
Several other research analysts also recently commented on the company. Zacks Investment Research downgraded Rent-A-Center from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. Jefferies Group decreased their price objective on Rent-A-Center from $12.00 to $11.00 and set a “hold” rating on the stock in a report on Wednesday, November 1st. Loop Capital set a $8.00 price objective on Rent-A-Center and gave the stock a “sell” rating in a report on Tuesday, October 31st. Stifel Nicolaus reiterated a “hold” rating and issued a $10.50 price objective on shares of Rent-A-Center in a report on Wednesday, November 1st. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Rent-A-Center in a report on Wednesday, October 25th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $11.21.
Rent-A-Center (NASDAQ:RCII) traded up $0.05 during midday trading on Wednesday, reaching $11.78. Rent-A-Center has a 52-week low of $7.76 and a 52-week high of $13.89. The company has a current ratio of 2.55, a quick ratio of 0.46 and a debt-to-equity ratio of 2.69.
A number of large investors have recently made changes to their positions in RCII. Arlington Value Capital LLC increased its holdings in Rent-A-Center by 85.2% during the 2nd quarter. Arlington Value Capital LLC now owns 2,722,514 shares of the company’s stock valued at $31,907,000 after purchasing an additional 1,252,756 shares during the period. JPMorgan Chase & Co. increased its holdings in Rent-A-Center by 1,124.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,229,142 shares of the company’s stock valued at $14,405,000 after purchasing an additional 1,128,785 shares during the period. Highbridge Capital Management LLC purchased a new position in Rent-A-Center during the 3rd quarter valued at about $5,795,000. Rafferty Asset Management LLC purchased a new position in Rent-A-Center during the 2nd quarter valued at about $5,376,000. Finally, State Street Corp increased its holdings in Rent-A-Center by 19.2% during the 1st quarter. State Street Corp now owns 1,899,273 shares of the company’s stock valued at $16,841,000 after purchasing an additional 305,946 shares during the period.
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Rent-A-Center, Inc is a rent-to-own operator in North America. The Company provides an opportunity to obtain ownership of products, such as consumer electronics, appliances, computers (including tablets), smartphones and furniture (including accessories), under rental purchase agreements. The Company operates in four segments: Core U.S., Acceptance Now, Mexico, and Franchising.
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