Rental & Leasing Services Stocks Technical Report -- Air Lease, Rent-A-Center, Aaron's, and Ryder System
Aug 12, 2016, 09:30 ET
NEW YORK, August 12, 2016 /PRNewswire/ --
Ahead of today's trading session, Stock-Callers.com looks at four Rental and Leasing Services companies, which offer products and services used for personal purposes and business operations. Under assessment are Air Lease Corp. (NYSE: AL), Rent-A-Center Inc. (NASDAQ: RCII), Aaron's Inc. (NYSE: AAN), and Ryder System Inc. (NYSE: R). Today's research reports on the aforementioned stocks are downloadable for free upon registration at:
http://stock-callers.com/registration
Air Lease
At the close on Thursday, shares in Los Angeles, California-based Air Lease Corp. saw a slight decline of 0.79%, ending the day at $27.66. The stock recorded a trading volume of 1.46 million shares, which was above its three months average volume of 1.06 million shares. The Company's shares are trading below their 50-day moving average by 1.40%. Moreover, shares of Air Lease, which engages in the purchase and leasing of commercial jet transport aircraft to airlines in Asia, the Pacific Rim, Latin America, the Middle East, Europe, Africa, and North America, have a Relative Strength Index (RSI) of 44.16.
On August 05th, 2016, research firm FBR Capital reiterated its 'Outperform' rating on the Company's stock with a decrease of the target price from $40 a share to $37 a share.
On August 9th, 2016, Air Lease announced the pricing of its public offering of $750 million aggregate principal amount of 3.00% unsecured senior notes due 2023. The Notes were offered to the public at a price of 98.658% of their face amount. The sale of the Notes is expected to close on August 15th, 2016, subject to satisfaction of customary closing conditions. The Notes will mature on September 15th, 2023 and will bear interest at a rate of 3.00% per annum, payable semi-annually in arrears on March 15th and September 15th of each year, commencing on March 15th, 2017. Visit us today and access our complete research report on AL at:
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Rent-A-Center
Shares in Plano, Texas headquartered Rent-A-Center Inc. ended the day 1.72% higher at $12.45. A total volume of 946,575 shares was traded, which was above their three months average volume of 902,250 shares. The stock is trading above its 50-day moving average by 0.47%. Furthermore, shares of Rent-A-Center, which together with its subsidiaries, leases household durable goods to customers on a rent-to-own basis, have an RSI of 52.88.
On July 28th, 2016, Rent-A-Center reported that GAAP diluted earnings per share was $0.19 for Q2 2016 compared to $0.43 for Q2 2015. The company reported that consolidated total revenues decline 8.1% to $749.6 million and same store sales decreased 4.9%. The complimentary report on RCII can be downloaded at:
http://stock-callers.com/registration/?symbol=RCII
Aaron's
On Thursday, shares in Atlanta, Georgia headquartered Aaron's Inc. finished 1.47% higher at $24.91 and with a total volume of 487,286 shares traded. The stock has advanced 5.60% in the last one month, 0.61% over the previous three months, and 11.26% on an YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 6.84% and 4.06%, respectively. Additionally, shares of Aaron's Inc., which operates as a specialty retailer of furniture, consumer electronics, computers, appliances, and household accessories in the US and Canada, have an RSI of 64.37.
On July 29th, 2016, Aaron's reported that revenues increased 2.6% to $789.4 million for Q2 2016 compared to $769.0 million for Q2 2015. The company's net earnings decreased 5.0% to $38.5 million compared to $40.5 million in the prior year period. Aaron's diluted earnings per share came in at $0.53 compared to $0.56 per share a year ago, while non-GAAP diluted EPS was $0.59 compared to $0.61 last year. Register for free on Stock-Callers.com and access the latest research report on AAN at:
http://stock-callers.com/registration/?symbol=AAN
Ryder System
Miami, Florida-based Ryder System Inc.'s stock recorded a trading volume of 235,723 shares at the end of yesterday's session and closed the day at $65.80, gaining 0.40%. The stock has advanced 17.34% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 0.55% and 5.75%, respectively. Additionally, shares of Ryder System, which provides transportation and supply chain management solutions to small businesses and large enterprises worldwide, have an RSI at 50.92.
On August 3rd, 2016, Ryder System announced that Postal Fleet Services, Inc. signed a Ryder ChoiceLease Full Service agreement for 20 compressed natural gas heavy-duty vehicles supporting mail delivery operations in Orlando, Florida, Lafayette, Louisiana, Jackson, Mississippi, and La Vergne, Tennessee. Postal Fleet Services has relied on Ryder for fleet leasing and maintenance solutions for more than 10 years. With the deployment of the natural gas vehicles in Postal Fleets Services' fleet in Tennessee and Mississippi, Ryder has now expanded its NGV offering into 16 states and two Canadian provinces. Get free access to your research report on R at:
http://stock-callers.com/registration/?symbol=R
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