Rent-A-Center (RCII) Lifted to Buy at BidaskClub
BidaskClub upgraded shares of Rent-A-Center (NASDAQ:RCII) from a hold rating to a buy rating in a research note released on Friday morning.
A number of other brokerages have also recently weighed in on RCII. Stephens restated an equal weight rating and issued a $5.00 price objective (down previously from $8.00) on shares of Rent-A-Center in a report on Thursday, February 22nd. ValuEngine cut shares of Rent-A-Center from a sell rating to a strong sell rating in a report on Thursday, March 1st. Loop Capital upgraded shares of Rent-A-Center from a sell rating to a hold rating and lifted their price objective for the company from $6.00 to $9.00 in a report on Monday, April 9th. Zacks Investment Research cut shares of Rent-A-Center from a hold rating to a strong sell rating in a report on Tuesday, March 20th. Finally, Jefferies Group restated a hold rating and issued a $9.00 price objective on shares of Rent-A-Center in a report on Friday, February 23rd. Three analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. Rent-A-Center presently has a consensus rating of Hold and a consensus target price of $9.20.
Shares of RCII opened at $10.35 on Friday. Rent-A-Center has a 1-year low of $7.22 and a 1-year high of $13.89. The stock has a market cap of $546.42, a price-to-earnings ratio of -19.17 and a beta of 0.73. The company has a quick ratio of 0.53, a current ratio of 2.77 and a debt-to-equity ratio of 2.47.
A number of institutional investors have recently modified their holdings of RCII. Philadelphia Financial Management of San Francisco LLC purchased a new position in Rent-A-Center in the fourth quarter worth approximately $19,474,000. Arlington Value Capital LLC lifted its stake in Rent-A-Center by 32.6% in the fourth quarter. Arlington Value Capital LLC now owns 4,070,422 shares of the company’s stock worth $45,181,000 after acquiring an additional 1,000,103 shares during the last quarter. Harvest Capital Strategies LLC purchased a new position in Rent-A-Center in the fourth quarter worth approximately $7,379,000. SG Capital Management LLC purchased a new position in Rent-A-Center in the fourth quarter worth approximately $6,148,000. Finally, Kennedy Capital Management Inc. purchased a new position in Rent-A-Center in the fourth quarter worth approximately $2,775,000.
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Rent-A-Center Company Profile
Rent-A-Center, Inc, together with its subsidiaries, leases household durable goods to customers on a rent-to-own basis. The company operates through four segments: Core U.S., Acceptance Now, Mexico, and Franchising. It offers durable products, such as consumer electronics; appliances; computers, including tablets; smartphones; and furniture, including accessories under rental purchase agreements.
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