Aaron’s, Inc. (AAN) Receives $46.10 Average Price Target from Brokerages

Aaron’s, Inc. (NYSE:AAN) has received a consensus rating of “Buy” from the fifteen analysts that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $46.10.

A number of research analysts have recently issued reports on AAN shares. Jefferies Group reiterated a “buy” rating and set a $54.00 price objective on shares of Aaron’s in a report on Tuesday, December 26th. Northcoast Research set a $53.00 price target on shares of Aaron’s and gave the company a “buy” rating in a research report on Friday, December 1st. Sidoti raised shares of Aaron’s from a “neutral” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Wednesday, November 29th. Loop Capital raised shares of Aaron’s from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research report on Wednesday, November 8th. Finally, Zacks Investment Research raised shares of Aaron’s from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Wednesday, January 10th.

Shares of Aaron’s (AAN) traded down $0.90 during midday trading on Friday, hitting $38.47. 1,349,348 shares of the stock were exchanged, compared to its average volume of 703,983. The firm has a market capitalization of $2,720.05, a PE ratio of 20.72 and a beta of 0.20. Aaron’s has a 52-week low of $26.12 and a 52-week high of $48.22. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.35 and a quick ratio of 0.74.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. KBC Group NV bought a new position in shares of Aaron’s during the third quarter valued at about $192,000. ARP Americas LLC bought a new stake in Aaron’s in the third quarter worth about $209,000. Shelton Capital Management bought a new stake in Aaron’s in the third quarter worth about $210,000. Oakbrook Investments LLC bought a new stake in Aaron’s in the third quarter worth about $212,000. Finally, Verity Asset Management Inc. bought a new stake in Aaron’s in the fourth quarter worth about $202,000. 99.19% of the stock is currently owned by institutional investors.

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Aaron’s Company Profile

Aaron’s, Inc (Aaron’s) is an omnichannel provider of lease-purchase solutions. The Company engages in the sales and lease ownership and specialty retailing of furniture, consumer electronics, home appliances and accessories through its Company-operated and franchised stores in Canada, as well as its e-commerce platform, Aarons.com.

Analyst Recommendations for Aaron`s (NYSE:AAN)

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