Robert W. Baird analyst Craig Kennison maintained a Buy rating on IAA (NYSE:IAA) Inc on Tuesday, setting a price target of $70, which is approximately 20.75% above the present share price of $57.97.
Kennison expects IAA Inc to post earnings per share (EPS) of $0.54 for the third quarter of 2021.
The current consensus among 3 TipRanks analysts is for a Strong Buy rating of shares in IAA, with an average price target of $69.17.
The analysts price targets range from a high of $70 to a low of $67.5.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $423.5 million and a net profit of $109.5 million. The company's market cap is $7.81 billion.
According to TipRanks.com, Robert W. Baird analyst Craig Kennison is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 18.7% and a 67.93% success rate.
IAA, Inc. engages in the provision of auction solutions for total loss, damaged and low-value vehicles. Its solutions focuses on a diverse set of global customers, provide buyers with rebuild requirements, replacement part inventory and scrap demand. The company was founded on June 19, 2018 and is headquartered in Westchester, IL.