Raymond James analyst Budd Bugatch reiterated a Buy rating on Aaron’s Inc (AAN) on February 15 and set a price target of $61. The company’s shares closed on Friday at $53.02.
According to TipRanks.com, Bugatch is a 5-star analyst with an average return of 8.0% and a 58.6% success rate. Bugatch covers the Services sector, focusing on stocks such as Rent-A-Center Inc, Pier 1 Imports, and Home Depot.
Currently, the analyst consensus on Aaron’s Inc is a Strong Buy with an average price target of $60, a 13.2% upside from current levels. In a report issued on February 14, Loop Capital Markets also maintained a Buy rating on the stock with a $60 price target.
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Based on Aaron’s Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $61.74 million. In comparison, last year the company had a net profit of $178 million.
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Aaron’s, Inc. retails consumer electronics, computers, residential furniture, household appliances, and accessories. It engages in the lease ownership, lease and retail sale of products such as widescreen and liquid crystal display televisions, computers, living room, dining room and bedroom furniture, washers, dryers, and refrigerators.