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RCII

Rent-A-Center

$12.50

0.05 (0.40%)

, AAN

Aaron's

$38.14

0.39 (1.03%)

09:09
07/18/17
07/18
09:09
07/18/17
09:09

Rent-A-Center unlikely to be acquired by Aaron's, says Loop Capital

After three representatives of an activist investor were appointed to Rent-A-Center's (RCII) board, Loop Capital analyst Anthony Chukumba says that Aaron's (AAN) is unlikely to look to acquire the company because its business model is being hurt by virtual rent-to-own offerings. According to the analyst, Aaron's is much better positioned than Rent-A-Center in the virtual rent-to-own space. Moreover, the analyst thinks that the FTC could block the acquisition. He reiterates an $8 price target and a Sell rating on Rent-A-Center.

RCII

Rent-A-Center

$12.50

0.05 (0.40%)

AAN

Aaron's

$38.14

0.39 (1.03%)

  • 27

    Jul

  • 28

    Jul

RCII Rent-A-Center
$12.50

0.05 (0.40%)

06/05/17
KEYB
06/05/17
NO CHANGE
KEYB
Rent-A-Center could be sold, says KeyBanc
KeyBanc analyst Bradley Thomas believes it is "increasingly likely" that Engaged Capital will obtain seats on Rent-A-Center's board on June 8. He thinks that the board will probably look into selling the company and he believes that the company could ultimately be sold. The analyst says that the election of Engaged Capital's representatives to the board would be a positive catalyst for Rent-A-Center's stock, and he thinks that a "near-term opportunity" has been created ahead of the June 8 annual meeting.
06/07/17
LOOP
06/07/17
DOWNGRADE
Target $8
LOOP
Sell
Rent-A-Center downgraded to Sell from Hold at Loop Capital
Loop Capital analyst Anthony Chukumba downgraded Rent-A-Center to Sell with an unchanged price target of $8. The secular shift to "virtual" rent-to-own has impaired the value of the company's core U.S. business, the analyst tells investors in a research note. The analyst believes Rent-A-Center is "highly unlikely" to achieve management's 2018 and 2019 financial targets.
06/07/17
06/07/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. PepsiCo (PEP) and Coca-Cola (KO) were downgraded to Market Perform from Outperform at BMO Capital. 2. Rent-A-Center (RCII) downgraded to Sell from Hold at Loop Capital with analyst Anthony Chukumba saying the secular shift to "virtual" rent-to-own has impaired the value of the company's core U.S. business. 3. HD Supply (HDS) was downgraded to Neutral from Outperform at Baird and to Hold from Buy at Drexel Hamilton. 4. IMAX (IMAX) downgraded to Hold from Buy at Benchmark with analyst Mike Hickey saying he fears movie goers' enthusiasm for recliner installations has shifted share away from IMAX and he now worries that recent per screen average deterioration could "prove less than transitory." 5. Danaher (DHR) downgraded to Neutral from Buy at Janney Capital with analyst Paul Knight saying he sees the company having more work to do optimizing its portfolio. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/11/17
LOOP
07/11/17
NO CHANGE
Target $8
LOOP
Sell
Loop Capital keeps Sell rating on Rent-A-Center despite PE buyout bid
After Rent-A-Center disclosed that it rejected an unsolicited $15.00 per share takeover offer from private equity firm Vintage Capital Management, Loop Capital analyst Anthony Chukumba said he is maintaining his Sell rating on the stock, as he questions how Vintage would be able to finance such a going private deal. He also thinks Rent-A-Center's rejection demonstrates how opposed it is to selling. Chukumba keeps an $8 price target on Rent-A-Center shares.
AAN Aaron's
$38.14

0.39 (1.03%)

02/21/17
RHCO
02/21/17
NO CHANGE
RHCO
Aaron's shares should be bought on weakness, says SunTrust
After Aaron's reported Q4 results that SunTrust analyst David Magee views as "strong," but its guidance came in below expectations, the analyst is upbeat about changes in the company's business mix. Specifically, he notes that the company's higher margin Progressive unit is slated to account for 60% of its earnings this year. Magee recommends that investors buy the stock on weakness.
02/24/17
LOOP
02/24/17
NO CHANGE
LOOP
Hold
Rent-A-Center sale still unlikely in near-term, says Loop Capital
Loop Capital analyst Anthony Chukumba thinks Engaged Capital has nominated a "strong" slate of director candidates for Rent-A-Center's (RCII) board and would not be surprised to see multiple of its nominees elected. However, he continues to believe a near-term sale of Rent-A-Center is highly unlikely, adding that he highly doubts Aaron's (AAN), which he sees as "the only logical strategic buyer," would be interested in taking on the integration challenge right now. Chukumba maintains a Hold rating on Rent-A-Center shares.
04/06/17
SPHN
04/06/17
NO CHANGE
Target $9
SPHN
Underweight
Stephens cautious on article stating strategic buyers for Rent-A-Center
Stephens analyst Vincent Caintic cautions Rent-A-Center (RCII) investors on near-term optimism following a TheDeal.com article stating strategic buyers for the company, namely Aaron's (AAN) and Buddy's. The analyst thinks operational headwinds are high, which may limit appetite for strategic buyers, and believes Aaron's can successfully compete away business from Rent-A-Center rather than having to pay to acquire it. He reiterates an Underweight rating and $9 price target on Rent-A-Center's shares.
05/26/17
SPHN
05/26/17
NO CHANGE
Target $38
SPHN
Overweight
Stephens suggests pair trade of long Aaron's, short Synchrony
Stephens analyst Vincent Caintic noted that Aaron's (AAN) won of the subprime portion of Signet Jewelers' (SIG) outsourcing of its credit portfolio, with Alliance Data (ADS) winning the prime portfolio, and he thinks there may be more upside to Aaron's revenues from this deal than Signet's financials suggest. Based on his belief that subprime consumer lenders are outperforming prime lenders, he suggests a pair trade of Aaron's long against Synchrony (SYF). Caintic has an Overweight rating and $38 price target on Aaron's shares.

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0.89 (1.79%)

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SSNLF

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0.2 (0.66%)

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UAL

United Continental

$59.90

0.12 (0.20%)

, DAL

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$53.27

1 (1.91%)

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0.12 (0.20%)

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CZR

Caesars

$12.20

0.15 (1.24%)

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DWDP

DowDuPont

$71.18

0.29 (0.41%)

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COH

Coach

$40.35

0.88 (2.23%)

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CNC

Centene

$96.50

1.8 (1.90%)

, MOH

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$64.40

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ANTM

Anthem

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1.49 (0.77%)

AET

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HNT

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HUM

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$245.81

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UNH

UnitedHealth

$207.49

4.24 (2.09%)

WCG

WellCare

$180.52

3.28 (1.85%)

CYH

Community Health

$6.44

0.24 (3.87%)

HCA

HCA Healthcare

$81.05

1.26 (1.58%)

LPNT

LifePoint

$58.35

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THC

Tenet

$14.66

1.31 (9.81%)

UHS

Universal Health

$112.85

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GOOG

Alphabet

$988.20

3.75 (0.38%)

GOOGL

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$1,005.07

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MSFT

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$78.81

0.9 (1.16%)

FB

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INTC

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$40.43

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IBM

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$162.07

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MAR

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ETFC

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ATRS

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SHIP

Seanergy Marine

$1.24

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HLI

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GEO

Geo Group

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DBVT

DBV Technologies

$48.07

0.92 (1.95%)

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KALV

KalVista

$11.26

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