Rent-A-Center (NASDAQ:RCII) has been assigned a $8.00 price target by research analysts at Loop Capital in a research report issued to clients and investors on Wednesday. The firm presently has a “sell” rating on the stock. Loop Capital’s target price indicates a potential downside of 29.33% from the stock’s current price.
RCII has been the topic of several other reports. Zacks Investment Research raised shares of Rent-A-Center from a “sell” rating to a “hold” rating in a research report on Friday, January 12th. Jefferies Group decreased their target price on shares of Rent-A-Center from $12.00 to $11.00 and set a “hold” rating on the stock in a research report on Wednesday, November 1st. BidaskClub raised shares of Rent-A-Center from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th. Raymond James Financial reissued a “market perform” rating on shares of Rent-A-Center in a research report on Wednesday, October 25th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $10.50 target price on shares of Rent-A-Center in a research report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $11.21.
Shares of Rent-A-Center (NASDAQ:RCII) opened at $11.32 on Wednesday. The company has a debt-to-equity ratio of 2.69, a current ratio of 2.55 and a quick ratio of 0.46. Rent-A-Center has a 12-month low of $7.76 and a 12-month high of $13.89. The stock has a market cap of $607.76, a P/E ratio of -3.43 and a beta of 0.69.
A number of hedge funds and other institutional investors have recently bought and sold shares of RCII. Raymond James Financial Services Advisors Inc. purchased a new position in Rent-A-Center in the second quarter valued at approximately $120,000. Cubist Systematic Strategies LLC purchased a new position in Rent-A-Center in the second quarter valued at approximately $132,000. Crossmark Global Holdings Inc. purchased a new position in Rent-A-Center in the third quarter valued at approximately $132,000. Piedmont Investment Advisors LLC purchased a new position in Rent-A-Center in the second quarter valued at approximately $136,000. Finally, Eqis Capital Management Inc. purchased a new position in Rent-A-Center in the third quarter valued at approximately $184,000.
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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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