Analyst Rating Update on Rent-A-Center (RCII)

Rent-A-Center (NASDAQ:RCII) has an average broker rating of 2.6, which is interpreted as a Hold, as rated by 5 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy.

Rent-A-Center (NASDAQ:RCII) : Average target price received by Rent-A-Center (NASDAQ:RCII) is $23 with an expected standard deviation of $2.83. The most aggressive target on the stock is $25, whereas the most downbeat target is $21. 2 financial analysts are currently covering the stock.

Company shares have received an average consensus rating of Hold for the current week Also, Topeka Capital initiates coverage on Rent-A-Center (NASDAQ:RCII) In a research note issued to the investors, the brokerage major announces price-target of $27 per share.The shares have been rated Buy. The rating by the firm was issued on May 24, 2016.

Rent-A-Center (NASDAQ:RCII): stock turned positive on Tuesday. Though the stock opened at $11.59, the bulls momentum made the stock top out at $11.9 level for the day. The stock recorded a low of $11.5 and closed the trading day at $11.78, in the green by 3.24%. The total traded volume for the day was 1,016,285. The stock had closed at $11.41 in the previous days trading.

In an insider trading activity, Jackson Jeffery M, director of Rent A Center Inc De, had purchased 1,400 shares on May 2, 2016. The total value of the transaction was $20,818. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Rent-A-Center, Inc. is a rent-to-own operator in North America. The Company provides an opportunity to obtain ownership of products, such as consumer electronics, appliances, computers (including tablets and smartphones), furniture and accessories, under rental purchase agreements. The Company operates in four segments: Core U.S., Acceptance Now, Mexico, and Franchising. The Company offers brands, such as LG, Samsung, Sony, Toshiba and Vizio home electronics; Whirlpool appliances; Acer, Apple, Asus, Dell, Hewlett-Packard, Samsung, Sony and Toshiba computers and/or tablets; Samsung and HTC smartphones; and Albany, Ashley, England, Klaussner, Lane, Standard and Welton furniture. Consumer electronic products offered by its stores include high definition televisions and stereos, among others; appliances include refrigerators, freezers, washing machines, dryers and ranges; furniture products include dining room, living room and bedroom furniture and accessories include lamps and tables.

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