Rent-A-Center (NASDAQ:RCII) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.
Several other equities research analysts also recently issued reports on the stock. Zacks Investment Research raised shares of Rent-A-Center from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research report on Monday, October 2nd. Jefferies Group lowered their price objective on shares of Rent-A-Center from $12.00 to $11.00 and set a “hold” rating for the company in a research report on Wednesday, November 1st. Stifel Nicolaus reissued a “hold” rating and set a $10.50 price objective on shares of Rent-A-Center in a research report on Wednesday, November 1st. Raymond James Financial reissued a “market perform” rating on shares of Rent-A-Center in a research report on Wednesday, October 25th. Finally, Loop Capital set a $8.00 price objective on shares of Rent-A-Center and gave the stock a “sell” rating in a research report on Tuesday, October 31st. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $11.21.
Shares of Rent-A-Center (RCII) opened at $11.08 on Thursday. Rent-A-Center has a 12 month low of $7.76 and a 12 month high of $13.89. The company has a quick ratio of 0.46, a current ratio of 2.55 and a debt-to-equity ratio of 2.69. The company has a market cap of $597.09, a P/E ratio of -3.38 and a beta of 0.69.
Several hedge funds have recently modified their holdings of RCII. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Rent-A-Center during the second quarter worth $120,000. Cubist Systematic Strategies LLC bought a new stake in shares of Rent-A-Center during the second quarter worth $132,000. Crossmark Global Holdings Inc. bought a new stake in shares of Rent-A-Center during the third quarter worth $132,000. Piedmont Investment Advisors LLC acquired a new position in Rent-A-Center during the second quarter worth $136,000. Finally, Eqis Capital Management Inc. acquired a new position in Rent-A-Center during the third quarter worth $184,000.
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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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