Investment analysts at Wolfe Research started coverage on shares of IAA (NYSE:IAA) in a report released on Friday, Briefing.com Automated Import reports. The brokerage set an “outperform” rating on the stock.
Several other equities analysts also recently weighed in on the company. Barrington Research began coverage on IAA in a report on Monday. They set a “market perform” rating and a $43.00 price target for the company. Northcoast Research restated a “neutral” rating on shares of IAA in a report on Monday, July 1st. Stephens set a $112.00 price target on Genesee & Wyoming and gave the company a “hold” rating in a report on Monday, July 1st. SunTrust Banks lifted their price objective on Constellation Brands from $180.00 to $190.00 and gave the stock a “hold” rating in a report on Monday, July 1st. Finally, Guggenheim lifted their price objective on Equinix from $505.00 to $540.00 and gave the stock a “sell” rating in a report on Tuesday, July 2nd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $45.75.
Shares of NYSE:IAA opened at $42.19 on Friday. IAA has a 1-year low of $38.08 and a 1-year high of $41.93.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IAA. Retirement Systems of Alabama bought a new stake in IAA in the 2nd quarter worth about $1,991,000. First National Bank of Omaha bought a new stake in IAA in the 2nd quarter worth about $3,812,000. Finally, KAMES CAPITAL plc bought a new stake in IAA in the 2nd quarter worth about $23,638,000.
IAA Company Profile
IAA, Inc provides salvage vehicle auctions and related services. It offers salvage auction services, such as inbound transportation logistics, inspection, evaluation, salvage recovery, titling, and settlement administrative services. The company's salvage auctions facilitate the remarketing of damaged vehicles designated as total losses by insurance companies, charity donation vehicles, recovered stolen (or theft) vehicles, and low value used vehicles through live and online auctions.
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