Loop Capital Analysts Give Rent-A-Center (RCII) a $8.00 Price Target

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.

Rent-A-Center (NASDAQ:RCII) last released its earnings results on Monday, October 30th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.07). Rent-A-Center had a negative return on equity of 0.66% and a negative net margin of 6.35%. The company had revenue of $643.97 million during the quarter, compared to analyst estimates of $649.09 million. During the same period in the prior year, the business posted $0.11 earnings per share. Rent-A-Center’s revenue was down 7.2% on a year-over-year basis. analysts anticipate that Rent-A-Center will post -0.2 EPS for the current fiscal year.

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.

TRADEMARK VIOLATION NOTICE: “Loop Capital Analysts Give Rent-A-Center (RCII) a $8.00 Price Target” was first reported by Week Herald and is the property of of Week Herald. If you are viewing this article on another domain, it was stolen and reposted in violation of U.S. and international trademark and copyright laws. The correct version of this article can be viewed at https://weekherald.com/2018/01/17/loop-capital-analysts-give-rent-a-center-rcii-a-8-00-price-target.html.

About Rent-A-Center

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.

Analyst Recommendations for Rent-A-Center (NASDAQ:RCII)

Receive News & Ratings for Rent-A-Center Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rent-A-Center and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply