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RCII

Rent-A-Center

$13.05

0.05 (0.38%)

11:38
08/17/17
08/17
11:38
08/17/17
11:38

Rent-A-Center delinquencies worsened again, says Loop Capital

Loop Capital analyst Anthony Chukumba says that while Rent-A-Center's core U.S. comps improved sequentially in July, delinquencies worsened for the second consecutive month in both its segments. This implies the company may have loosened credit standards to drive higher top-line growth, which "in our experience almost always ends badly," Chukumba tells investors in a research note. He reiterates a Sell rating on the shares with an $8 price target.

RCII Rent-A-Center
$13.05

0.05 (0.38%)

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.
07/18/17
LOOP
07/18/17
NO CHANGE
LOOP
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.
08/17/17
SPHN
08/17/17
NO CHANGE
Target $9
SPHN
Underweight
Stephens remains cautious on Rent-A-Center
Following the July data release, Stephens analyst Vincent Caintic remains cautious Rent-A-Center's rising delinquencies and slowing Acceptance Now same-store-sales. Caintic sees significant execution risk to achieve the turnaround story and would continue to avoid shares. The analyst rates Rent-A-Center an Underweight with a $9 price target.

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