Rent-A-Center (NASDAQ: RCII)‘s stock had its “neutral” rating reaffirmed by Zacks Investment Research in a research note issued on Thursday. They currently have a $36.00 price target on the stock.
Separately, analysts at Sterne Agee raised their price target on shares of Rent-A-Center to $42.00 in a research note to investors on Saturday, January 28th. Also, analysts at Collins Stewart initiated coverage on shares of Rent-A-Center in a research note to investors on Monday, December 19th. They set a “buy” rating and a $49.00 price target on the stock.
Rent-A-Center, Inc. is a rent-to-own operator. As of December 31, 2009, the Company operated 3,007 Company-owned stores nationwide and in Canada and Puerto Rico, including 39 retail installment sales stores under the names Get It Now and Home Choice, and 18 rent-to-own stores located in Canada under the names Rent-A-Centre and Better Living. Its subsidiary, ColorTyme, Inc., a national franchisor of rent-to-own stores, had 210 franchised rent-to-own stores in 33 states, as of December 31, 2009. The Company’s stores offer durable products, such as consumer electronics, appliances, computers, and furniture and accessories under flexible rental purchase agreements that allow the customer to obtain ownership of the merchandise at the conclusion of an agreed-upon rental period.
Rent-A-Center traded down 0.88% on Thursday, hitting $33.95. Rent-A-Center has a 1-year low of $21.30 and a 1-year high of $38.32. The stock has a 50-day moving average of $36.52 and a 200-day moving average of $31.58. The company has a market cap of $1.995 billion and a price-to-earnings ratio of 14.74.
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