Berenberg Bank analyst Alex Maroccia reiterated a Buy rating on Aaron's (NYSE:AAN) Inc. on Friday, setting a price target of $81, which is approximately 36.87% above the present share price of $59.18.
Maroccia expects Aaron's Inc. to post earnings per share (EPS) of $1.02 for the third quarter of 2020.
The current consensus among 6 TipRanks analysts is for a Strong Buy rating of shares in Aaron's, with an average price target of $70.
The analysts price targets range from a high of $81 to a low of $64.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $1.03 billion and a net profit of $150.84 million. The company's market cap is $3.7 billion.
According to TipRanks.com, Berenberg Bank analyst Alex Maroccia is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 25.3% and a 77.19% success rate.
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. The company operates through the following business segments: Progressive (NYSE:PGR) Leasing, Aaron's Business and Vive. The Progressive Leasing segment provides lease-purchase solutions on a variety of products, including furniture and appliance, jewelry, mobile phones and accessories, mattress, and automobile electronics and accessories. The Aaron's Business segment offers furniture, home appliances, consumer electronics and accessories to consumers with a lease-to-own agreement. The Vive segment offers a variety of second-look financing programs originated through third-party federally insured banks to customers of participating merchants and, together with Progressive Leasing, allows the Company to provide retail partners. The company was founded by R. Charles Loudermilk, Sr. in 1955 and is headquartered in Atlanta, GA.