Rent-A-Center (NASDAQ:RCII) was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued on Tuesday.

Other equities analysts have also recently issued research reports about the stock. Stephens reaffirmed an “equal weight” rating and set a $5.00 price target (down previously from $8.00) on shares of Rent-A-Center in a research report on Thursday, February 22nd. Zacks Investment Research raised shares of Rent-A-Center from a “sell” rating to a “hold” rating in a research report on Wednesday, March 7th. Jefferies Group reaffirmed a “hold” rating and set a $9.00 price target on shares of Rent-A-Center in a research report on Friday, February 23rd. Stifel Nicolaus reduced their price target on shares of Rent-A-Center from $10.50 to $9.00 and set a “hold” rating on the stock in a research report on Tuesday, February 27th. Finally, Loop Capital reaffirmed a “sell” rating and set a $6.00 price target (down previously from $8.00) on shares of Rent-A-Center in a research report on Wednesday, February 21st. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $9.86.

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Shares of Rent-A-Center (RCII) opened at $9.00 on Tuesday. The company has a debt-to-equity ratio of 2.47, a quick ratio of 0.53 and a current ratio of 2.77. The firm has a market capitalization of $479.81, a PE ratio of -7.03 and a beta of 0.90. Rent-A-Center has a 52 week low of $7.22 and a 52 week high of $13.89.

Rent-A-Center (NASDAQ:RCII) last issued its quarterly earnings results on Tuesday, February 20th. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.34). Rent-A-Center had a negative return on equity of 11.30% and a net margin of 0.25%. The company had revenue of $638.95 million for the quarter, compared to the consensus estimate of $654.55 million. During the same period in the previous year, the business posted ($0.23) EPS. The business’s revenue for the quarter was down 6.6% on a year-over-year basis. sell-side analysts predict that Rent-A-Center will post 0.24 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio lifted its holdings in Rent-A-Center by 1.1% in the second quarter. Public Employees Retirement System of Ohio now owns 24,038 shares of the company’s stock worth $282,000 after acquiring an additional 263 shares during the last quarter. Lenox Wealth Management Inc. lifted its holdings in Rent-A-Center by 8.7% in the fourth quarter. Lenox Wealth Management Inc. now owns 61,032 shares of the company’s stock worth $677,000 after acquiring an additional 4,869 shares during the last quarter. Strs Ohio lifted its holdings in Rent-A-Center by 9.2% in the fourth quarter. Strs Ohio now owns 65,100 shares of the company’s stock worth $722,000 after acquiring an additional 5,500 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in Rent-A-Center by 59.0% in the third quarter. Municipal Employees Retirement System of Michigan now owns 19,960 shares of the company’s stock worth $229,000 after acquiring an additional 7,410 shares during the last quarter. Finally, Hollencrest Capital Management lifted its holdings in Rent-A-Center by 13.1% in the fourth quarter. Hollencrest Capital Management now owns 77,800 shares of the company’s stock worth $864,000 after acquiring an additional 9,000 shares during the last quarter.

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About Rent-A-Center

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.

Analyst Recommendations for Rent-A-Center (NASDAQ:RCII)

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