Aaron’s Inc Receives a Buy from Stifel Nicolaus

By Carrie Williams

Stifel Nicolaus analyst John Baugh reiterated a Buy rating on Aaron’s Inc (NYSE: AAN) on July 28 and set a price target of $40. The company’s shares closed on Friday at $47.54, equals to its 52-week high of $47.54.

According to TipRanks.com, Baugh is a 5-star analyst with an average return of 15.6% and a 64.2% success rate. Baugh covers the Consumer Goods sector, focusing on stocks such as Bassett Furniture Industries, Stanley Furniture Company, and Leggett & Platt Inc.

Currently, the analyst consensus on Aaron’s Inc is Moderate Buy and the average price target is $41, representing a -13.8% downside.

In a report issued on July 28, Jefferies also reiterated a Buy rating on the stock with a $42 price target.

Aaron’s Inc’s market cap is currently $3.36B and has a P/E ratio of 24.13. The company has a book value ratio of 2.2386.

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Aaron’s, Inc. retails consumer electronics, computers, residential furniture, household appliances, and accessories. It engages in the lease ownership, lease and retail sale of products such as widescreen and liquid crystal display televisions, computers, living room, dining room and bedroom furniture, washers, dryers, and refrigerators.