IAA (NYSE:IAA) Research Coverage Started at Barrington Research
Barrington Research initiated coverage on shares of IAA (NYSE:IAA) in a research note issued to investors on Monday morning, Briefing.com Automated Import reports. The firm issued a market perform rating and a $43.00 price objective on the stock. Barrington Research also issued estimates for IAA’s Q2 2019 earnings at $0.35 EPS, Q3 2019 earnings at $0.26 EPS, Q4 2019 earnings at $0.31 EPS, FY2019 earnings at $1.32 EPS, Q1 2020 earnings at $0.42 EPS, Q2 2020 earnings at $0.39 EPS, Q3 2020 earnings at $0.28 EPS, Q4 2020 earnings at $0.35 EPS and FY2020 earnings at $1.45 EPS.
A number of other equities research analysts have also weighed in on the stock. SunTrust Banks boosted their target price on shares of Constellation Brands from $180.00 to $190.00 and gave the company a hold rating in a research note on Monday, July 1st. Northcoast Research reiterated a neutral rating on shares of IAA in a research note on Monday, July 1st. Stephens set a $112.00 target price on shares of Genesee & Wyoming and gave the company a hold rating in a research note on Monday, July 1st. Guggenheim boosted their target price on shares of Equinix from $505.00 to $540.00 and gave the company a sell rating in a research note on Tuesday, July 2nd. Finally, Robert W. Baird assumed coverage on shares of IAA in a research note on Friday, June 28th. They set an outperform rating for the company. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $45.75.
Shares of IAA opened at $41.40 on Monday. IAA has a 1-year low of $38.08 and a 1-year high of $41.93.
IAA Company Profile
IAA, Inc provides salvage vehicle auctions and related services. It offers salvage auction services, such as inbound transportation logistics, inspection, evaluation, salvage recovery, titling, and settlement administrative services. The company's salvage auctions facilitate the remarketing of damaged vehicles designated as total losses by insurance companies, charity donation vehicles, recovered stolen (or theft) vehicles, and low value used vehicles through live and online auctions.
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