Aaron’s (NYSE:AAN) Price Target & New Coverage by Jefferies
New York: Aaron’s (NYSE:AAN) coverage was was initiated with a Buy rating and $30.0 price target at Jefferies. Jefferies’s target price means upside of 32.28 % from the company’s previous close.
In spite of the new coverage NYSE:AAN is at the moment trading 0.00% lower at $22.68 as of 04:02 New York time. Aaron’s shares have gained 0.53% over the last 200 days, while the S&P500 has risen 4.02% for the same time.
According to data compiled by Thomson Reuters, Aaron’s (NYSE:AAN)’s stock is covered by 6 equity analysts across the Street, with 0 analysts giving it a Sell rating, 4 a Buy rating, while 3 consider it a Hold. The 12-month consensus target price for the stock is $32.58, which reflects an upside potential of 43.65% over the current price.
NYSE:AAN Price Chart & Trend
The stock price of Aaron’s has risen 0.53% over the last 200 days, and is in very weak up trend. In the last 50 and 100 days, Aaron’s is down 4.21% and down 4.18%, respectively. Our stocks momentum model is shown on the price chart below.
Skyline Asset Management Lp had the largest stake with ownership of 1.11M shares as of q2 2015 for 2.79% of the equity exposure. Dean Capital Management is another quite bullish investment professional who is owning 34,954 shares of Aaron’s or 1.86% of their equity exposure. Also, North Point Portfolio Managers Corp Oh have 1.82% of their equity exposure invested in the company for 276,637 shares. The California-based fund Gruber & Mcbaine Capital Management Llc revealed it had bought a stake worth about 1.56% of the investment professional’s stock portfolio in Aaron’s. The California-based fund Harvest Capital Strategies Llc is also positive about the stock, possessing 159,400 shares or 1.56% of their equity exposure.
Aaron’s (NYSE:AAN) Profile
Aaron’s, Inc. is a specialty retailer of furniture, consumer electronics, computers, appliances and household accessories. The Company’s operating segments include Sales and Lease Ownership, Progressive, HomeSmart, DAMI, Franchise, Manufacturing and Others. The Company’s store-based operations engage in the lease ownership and retail sale of a range of products, such televisions, computers, tablets, mobile phones, living room, dining room and bedroom furniture, mattresses, washers, dryers and refrigerators.
Aaron’s (NYSE:AAN) closed at $22.68 yesterday. A total of 320 shares of the company’s stock traded hands. This is down from average of 557,360 shares. Aaron’s has a 52 week low of $20.24 and a 52 week high of $39.54. The company has a market cap of $1.64 billion and a P/E ratio of 12.37.
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