Rent-A-Center (RCII) Rating Lowered to Strong Sell at ValuEngine
Rent-A-Center (NASDAQ:RCII) was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a report released on Thursday.
Several other research analysts have also recently issued reports on RCII. Stifel Nicolaus reissued a “hold” rating and issued a $10.50 price objective on shares of Rent-A-Center in a research note on Wednesday, November 1st. Zacks Investment Research cut Rent-A-Center from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Jefferies Group dropped their price objective 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 research note on Wednesday, December 6th. Finally, Loop Capital set a $8.00 price objective on Rent-A-Center and gave the stock a “sell” rating in a research note on Wednesday, January 17th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. Rent-A-Center presently has a consensus rating of “Hold” and an average target price of $9.86.
Rent-A-Center (RCII) opened at $7.30 on Thursday. Rent-A-Center has a 52 week low of $7.22 and a 52 week high of $13.89. The stock has a market capitalization of $396.33, a P/E ratio of 66.37 and a beta of 0.90. The company has a quick ratio of 0.46, a current ratio of 2.55 and a debt-to-equity ratio of 2.47.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Royce & Associates LP boosted its position in Rent-A-Center by 10.6% during the 3rd quarter. Royce & Associates LP now owns 417,518 shares of the company’s stock valued at $4,793,000 after acquiring an additional 40,000 shares in the last quarter. Macquarie Group Ltd. bought a new stake in Rent-A-Center during the 3rd quarter valued at $404,000. Wells Fargo & Company MN boosted its position in Rent-A-Center by 43.9% during the 3rd quarter. Wells Fargo & Company MN now owns 69,603 shares of the company’s stock valued at $800,000 after acquiring an additional 21,232 shares in the last quarter. Frontier Capital Management Co. LLC boosted its position in Rent-A-Center by 2.2% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 3,215,402 shares of the company’s stock valued at $36,913,000 after acquiring an additional 68,605 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Rent-A-Center during the 3rd quarter valued at $1,722,000.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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