Rent-A-Center (RCII) Shares Up 0.3%
Shares of Rent-A-Center Inc (NASDAQ:RCII) shot up 0.3% on Wednesday . The stock traded as high as $9.98 and last traded at $9.99. 405,952 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 1,676,593 shares. The stock had previously closed at $9.96.
Several research firms have weighed in on RCII. BidaskClub raised Rent-A-Center from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Stifel Nicolaus reissued a “hold” rating and issued a $10.50 target price on shares of Rent-A-Center in a report on Wednesday, November 1st. Loop Capital set a $8.00 target price on Rent-A-Center and gave the company a “sell” rating in a report on Tuesday, October 31st. ValuEngine lowered Rent-A-Center from a “hold” rating to a “sell” rating in a report on Wednesday, January 24th. Finally, Zacks Investment Research downgraded Rent-A-Center from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Four research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $11.21.
The firm has a market capitalization of $521.39, a price-to-earnings ratio of -2.98 and a beta of 0.63. The company has a quick ratio of 0.46, a current ratio of 2.55 and a debt-to-equity ratio of 2.69.
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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