Raymond James Reaffirms Their Buy Rating on Aaron’s Inc (AAN)

By Austin Angelo

In a report issued on August 10, Budd Bugatch from Raymond James maintained a Buy rating on Aaron’s Inc (NYSE: AAN), with a price target of $57. The company’s shares closed on Friday at $46.61.

According to TipRanks.com, Bugatch is a 4-star analyst with an average return of 8.0% and a 58.5% success rate. Bugatch covers the Services sector, focusing on stocks such as Restoration Hardware Holdings Inc, Wal-Mart Stores Inc, and Bed Bath & Beyond.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Aaron’s Inc with a $57 average price target, implying a 22.3% upside from current levels. In a report issued on July 26, KeyBanc also reiterated a Buy rating on the stock with a $58 price target.

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Based on Aaron’s Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $38.5 million. In comparison, last year the company had a net profit of $36.34 million.

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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.