What Will The Effects of a Stephens \u0026 Co. Upgrade Be For Rent-A-Center (NASDAQ:RCII) Shares?

June 18, 2018 - By Richard Conner

Rent-A-Center, Inc. (NASDAQ:RCII) Logo

Investors sentiment increased to 1.01 in Q1 2018. Its up 0.17, from 0.84 in 2017Q4. It is positive, as 24 investors sold Rent-A-Center, Inc. shares while 54 reduced holdings. 24 funds opened positions while 55 raised stakes. 61.13 million shares or 4.79% less from 64.20 million shares in 2017Q4 were reported.

Sector Pension Investment Board reported 0% of its portfolio in Rent-A-Center, Inc. (NASDAQ:RCII). Jpmorgan Chase & Commerce has invested 0% in Rent-A-Center, Inc. (NASDAQ:RCII). Rhumbline Advisers accumulated 0% or 122,023 shares. Alliancebernstein L P stated it has 42,993 shares. 635 were reported by Convergence Invest Lc. Arizona State Retirement Sys reported 84,303 shares. 7,690 are owned by Prelude Cap Limited Liability Corp. Invesco Ltd holds 0% in Rent-A-Center, Inc. (NASDAQ:RCII) or 510,814 shares. Metropolitan Life Insurance Com invested in 0% or 13,460 shares. Vanguard Grp Inc reported 0% in Rent-A-Center, Inc. (NASDAQ:RCII). Price T Rowe Assoc Md accumulated 62,154 shares or 0% of the stock. Arlington Value Cap Limited Liability Corporation holds 2.91% of its portfolio in Rent-A-Center, Inc. (NASDAQ:RCII) for 4.08 million shares. Balyasny Asset Mngmt Ltd Liability Corp invested in 0% or 86,750 shares. Mason Street Advsr Lc accumulated 0% or 14,818 shares. Numerixs Inv Tech holds 0% or 1,499 shares in its portfolio.

Rent-A-Center (NASDAQ:RCII) Stock Upgrade

Shares of Rent-A-Center (NASDAQ:RCII) were increased by expert analysts at Stephens \u0026 Co. from a Underweight rating to a solid Equal-Weight rating via an analyst note revealed to investors and clients on Monday, 18 June.

Rent-A-Center, Inc. (NASDAQ:RCII) Ratings Coverage

Among 5 analysts covering Rent-A-Center Inc (NASDAQ:RCII), 0 have Buy rating, 1 Sell and 4 Hold. Therefore 0 are positive. Rent-A-Center Inc has $12 highest and $5 lowest target. $8.40’s average target is -42.78% below currents $14.68 stock price. Rent-A-Center Inc had 8 analyst reports since January 2, 2018 according to SRatingsIntel. On Thursday, February 22 the stock rating was maintained by Stephens with “Equal-Weight”. The company was maintained on Wednesday, April 11 by Jefferies. Stifel Nicolaus maintained the shares of RCII in report on Tuesday, June 12 with “Hold” rating. The rating was maintained by Stifel Nicolaus with “Hold” on Tuesday, February 27. The rating was maintained by Stephens on Tuesday, January 2 with “Sell”. On Wednesday, February 21 the stock rating was maintained by Loop Capital Markets with “Sell”. Loop Capital upgraded Rent-A-Center, Inc. (NASDAQ:RCII) rating on Monday, April 9. Loop Capital has “Hold” rating and $9 target. The stock of Rent-A-Center, Inc. (NASDAQ:RCII) earned “Hold” rating by Jefferies on Thursday, February 22.

The stock increased 22.03% or $2.65 during the last trading session, reaching $14.68. About 29.31M shares traded or 1437.62% up from the average. Rent-A-Center, Inc. (NASDAQ:RCII) has declined 8.89% since June 19, 2017 and is downtrending. It has underperformed by 21.46% the S&P500.

Analysts await Rent-A-Center, Inc. (NASDAQ:RCII) to report earnings on July, 25. They expect $0.04 EPS, up 500.00 % or $0.05 from last year’s $-0.01 per share. RCII’s profit will be $2.14 million for 91.75 P/E if the $0.04 EPS becomes a reality. After $-0.08 actual EPS reported by Rent-A-Center, Inc. for the previous quarter, Wall Street now forecasts -150.00 % EPS growth.

Rent-A-Center, Inc., together with its subsidiaries, leases household durable goods to clients on a rent-to-own basis. The company has market cap of $784.13 million. The firm operates through four divisions: Core U.S., Acceptance Now, Mexico, and Franchising. It has a 122.33 P/E ratio. It offers durable products, such as consumer electronics; appliances; computers, including tablets; smartphones; and furniture, including accessories under rental purchase agreements.

More notable recent Rent-A-Center, Inc. (NASDAQ:RCII) news were published by: Benzinga.com which released: “Rent-A-Center Isn’t Selling, But Softens Blow With Bullish Guidance” on June 11, 2018, also Themiddlemarket.com with their article: “M&A daily wrap: Cressey, Perry Ellis, George Feldenkreis, Rent-A-Center” published on June 18, 2018, Nasdaq.com published: “Mid-Day Market Update: Verastem Shares Climb On Duvelisib Data; ZIOPHARM Oncology Shares Slide” on June 18, 2018. More interesting news about Rent-A-Center, Inc. (NASDAQ:RCII) were released by: Seekingalpha.com and their article: “Vintage Capital acquires Rent-A-Center” published on June 18, 2018 as well as Nasdaq.com‘s news article titled: “Mid-Morning Market Update: Markets Open Lower; Vintage Capital To Acquire Rent-A-Center For $15/Share” with publication date: June 18, 2018.

Rent-A-Center, Inc. (NASDAQ:RCII) Institutional Positions Chart

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