Rent-A-Center Inc Receives a Hold from Jefferies

By Austin Angelo

Jefferies analyst John Hecht reiterated a Hold rating on Rent-A-Center Inc (NASDAQ: RCII) today and set a price target of $10. The company’s shares closed yesterday at $9.89.

According to TipRanks.com, Hecht is a 5-star analyst with an average return of 12.2% and a 72.8% success rate. Hecht covers the Financial sector, focusing on stocks such as Pennantpark Investment Corp, Gladstone Investment Corp, and Enova International Inc.

Currently, the analyst consensus on Rent-A-Center Inc is Hold and the average price target is $8.25, representing a -16.6% downside.

In a report issued on April 9, Loop Capital Markets also upgraded the stock to Hold with a $9 price target.

The company has a one-year high of $13.89 and a one-year low of $7.22. Currently, Rent-A-Center Inc has an average volume of 1.72M.

Based on the recent corporate insider activity of 19 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RCII in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Rent-A-Center, Inc. engages in leasing household durable goods to customers on a rent-to-own basis. The company provides the customers the ownership of products, such as consumer electronics, appliances, computers, furniture and accessories, under rental purchase agreements with no long-term obligation.