Shares of Rent-A-Center Inc (NASDAQ:RCII) have been given an average recommendation of “Hold” by the nine ratings firms that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $10.10.
Several equities analysts recently issued reports on the company. Jefferies Group lowered their price target on Rent-A-Center from $12.00 to $11.00 and set a “hold” rating on the stock in a research note on Wednesday, November 1st. BidaskClub raised Rent-A-Center from a “sell” rating to a “hold” rating in a report on Wednesday, December 6th. Raymond James Financial reaffirmed a “market perform” rating on shares of Rent-A-Center in a report on Wednesday, October 25th. Loop Capital set a $8.00 price objective on Rent-A-Center and gave the company a “sell” rating in a report on Tuesday, October 31st. Finally, Zacks Investment Research downgraded Rent-A-Center from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st.
Rent-A-Center (NASDAQ:RCII) opened at $11.10 on Tuesday. Rent-A-Center has a 12 month low of $7.76 and a 12 month high of $13.89. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.46 and a current ratio of 2.55. The stock has a market capitalization of $591.76, a PE ratio of -3.38 and a beta of 0.69.
Institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Rent-A-Center in the 2nd quarter worth approximately $120,000. Cubist Systematic Strategies LLC acquired a new position in shares of Rent-A-Center in the 2nd quarter worth approximately $132,000. Crossmark Global Holdings Inc. acquired a new position in shares of Rent-A-Center in the 3rd quarter worth approximately $132,000. Piedmont Investment Advisors LLC acquired a new position in shares of Rent-A-Center in the 2nd quarter worth approximately $136,000. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Rent-A-Center by 174.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 15,842 shares of the company’s stock worth $185,000 after acquiring an additional 10,061 shares in the last quarter.
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Rent-A-Center Company Profile
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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