Collins Stewart Starts Rent-A-Center (RCII) at Buy; Shares Appear Attractively Valued
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Price: $26.78 --0%
Rating Summary:
10 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 16 | New: 19
Rating Summary:
10 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 16 | New: 19
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Collins Stewart initiates coverage on Rent-A-Center (NASDAQ: RCII) with a Buy. PT $49.00.
Collins analyst says, "RCII is a leader in the rent-to-own space, with an approximate 35% market share based on store count as of the end of Q3...This business model has held up through most economic cycles, especially as the current restrictive credit environment has increased the appeal of the RTO option for those unable to procure financing...The company’s expansion into Canada and Mexico provides another potential catalyst. SSS growth improved in Q3 as a sizable number of RAC Acceptance kiosks have begun to enter the comp base. RCII shares appear attractively valued, trading at 11x our FY12 EPS estimate and 10x normalized FCF."
For an analyst ratings summary and ratings history on Rent-A-Center click here. For more ratings news on Rent-A-Center click here.
Shares of Rent-A-Center closed at $34.98 yesterday.
Collins analyst says, "RCII is a leader in the rent-to-own space, with an approximate 35% market share based on store count as of the end of Q3...This business model has held up through most economic cycles, especially as the current restrictive credit environment has increased the appeal of the RTO option for those unable to procure financing...The company’s expansion into Canada and Mexico provides another potential catalyst. SSS growth improved in Q3 as a sizable number of RAC Acceptance kiosks have begun to enter the comp base. RCII shares appear attractively valued, trading at 11x our FY12 EPS estimate and 10x normalized FCF."
For an analyst ratings summary and ratings history on Rent-A-Center click here. For more ratings news on Rent-A-Center click here.
Shares of Rent-A-Center closed at $34.98 yesterday.
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