Stifel Nicolaus analyst John Baugh maintained a Buy rating on Rent-A-Center (NASDAQ:RCII) Inc on Tuesday, setting a price target of $34, which is approximately 26.82% below the present share price of $46.46.
Baugh expects Rent-A-Center Inc to post earnings per share (EPS) of $1.19 for the first quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Moderate Buy rating of shares in Rent-A-Center, with an average price target of $45.
The analysts price targets range from a high of $52 to a low of $37.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $712.02 million and a net profit of $80.19 million. The company's market cap is $2.52 billion.
According to TipRanks.com, Stifel Nicolaus analyst John Baugh is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 26.0% and a 64.38% success rate.
Rent-A-Center, Inc. engages in the provision of furniture, electronics, appliances, computers, and smartphones through flexible rental purchase agreements that allow the customer to obtain ownership of the merchandise at the conclusion of an agreed upon rental period. It operates through the following segments: Core U.S., Acceptance Now, Mexico, and Franchising. The Core U.S. segment consists of company-owned rent-to-own stores in the United States, Canada and Puerto Rico. The Acceptance Now segment offers an on-site rent-to-own option at a third-party retailer's location. The Mexico segment consists of its company-owned rent-to-own stores in Mexico. The Franchising segment use Rent-A-Center's, ColorTyme's, and RimTyme's trade names, service marks, trademarks and logos, and operate under distinctive operating procedures and standards. The company was founded by Mark E. Speese on September 16, 1986 and is headquartered in Plano, TX.