Zacks Reiterates Neutral Rating for Rent-A-Center (RCII)

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Zacks reiterated their neutral rating on shares of Rent-A-Center (NASDAQ:RCII) in a research note released on Monday morning. They currently have a $30.00 target price on the stock.

Zacks has also taken action a number of other consumer discretionary stocks recently. The firm upgraded shares of Sally Beauty Holdings, Inc. from an underperform rating to a neutral rating. The firm now has a $26.60 price target on that stock. Also, Zacks upgraded shares of Sonic Automotive Inc. from a neutral rating to an outperform rating. Zacks now has a $30.20 price target on that stock. Finally, Zacks upgraded shares of The Men's Wearhouse, Inc. from a neutral rating to an outperform rating. Zacks now has a $61.20 price target on that stock.

RCII has been the subject of a number of other recent research reports. Analysts at TheStreet upgraded shares of Rent-A-Center from a hold rating to a buy rating in a research note on Wednesday, May 14th. Separately, analysts at Gilford Securities upgraded shares of Rent-A-Center from a neutral rating to a buy rating in a research note on Thursday, April 24th. Finally, analysts at Canaccord Genuity raised their price target on shares of Rent-A-Center from $23.00 to $28.00 in a research note on Tuesday, April 22nd. They now have a hold rating on the stock. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $32.67.

Shares of Rent-A-Center (NASDAQ:RCII) traded up 0.38% on Monday, hitting $29.39. The stock had a trading volume of 165,316 shares. Rent-A-Center has a one year low of $23.65 and a one year high of $40.80. The stock has a 50-day moving average of $28.68 and a 200-day moving average of $28.03. The company has a market cap of $1.552 billion and a P/E ratio of 14.26.

Rent-A-Center (NASDAQ:RCII) last issued its quarterly earnings data on Monday, April 21st. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.01. The company had revenue of $833.00 million for the quarter, compared to the consensus estimate of $840.31 million. During the same quarter in the previous year, the company posted $0.80 earnings per share. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, analysts predict that Rent-A-Center will post $2.32 earnings per share for the current fiscal year.

Rent-A-Center, Inc is a rent-to-own operator in North America. It provides the customers the ownership of durable products, such as consumer electronics, appliances, computers, furniture and accessories, under rental purchase agreements with no long-term obligation.

To view Zacks’ full report, visit Zacks’ official website.

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