Rent-A-Center (NASDAQ:RCII) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Friday.
RCII has been the subject of a number of other research reports. Zacks Investment Research downgraded shares of Rent-A-Center from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Jefferies Group reiterated a “hold” rating and set a $12.00 target price on shares of Rent-A-Center in a research note on Thursday, September 7th. Raymond James Financial reiterated a “market perform” rating on shares of Rent-A-Center in a research note on Wednesday, October 25th. Stifel Nicolaus reiterated a “hold” rating and set a $10.50 target price on shares of Rent-A-Center in a research note on Wednesday, November 1st. Finally, Loop Capital set a $8.00 target price on shares of Rent-A-Center and gave the stock a “sell” rating in a research note on Tuesday, October 31st. Four analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $11.21.
Shares of Rent-A-Center (NASDAQ:RCII) traded up $0.57 during mid-day trading on Friday, hitting $11.01. 2,500,000 shares of the company were exchanged, compared to its average volume of 1,120,779. 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.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RCII. Raymond James Financial Services Advisors Inc. acquired a new position in Rent-A-Center in the second quarter valued at $120,000. Cubist Systematic Strategies LLC acquired a new position in Rent-A-Center in the second quarter valued at $132,000. Crossmark Global Holdings Inc. acquired a new position in Rent-A-Center in the third quarter valued at $132,000. Piedmont Investment Advisors LLC acquired a new position in Rent-A-Center in the second quarter valued at $136,000. Finally, Municipal Employees Retirement System of Michigan boosted its stake in Rent-A-Center by 3.6% in the second quarter. Municipal Employees Retirement System of Michigan now owns 12,550 shares of the company’s stock valued at $147,000 after acquiring an additional 440 shares in the last quarter.
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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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