IAA (NYSE:IAA) Earns “Hold” Rating from Barrington Research

Barrington Research reaffirmed their hold rating on shares of IAA (NYSE:IAA) in a research note issued to investors on Monday, AnalystRatings.com reports.

Several other research analysts have also issued reports on IAA. Robert W. Baird started coverage on shares of IAA in a research report on Friday, June 28th. They issued an outperform rating for the company. Jefferies Financial Group started coverage on shares of IAA in a research report on Wednesday, July 31st. They issued a buy rating and a $55.00 target price for the company. Guggenheim started coverage on shares of IAA in a research report on Tuesday, July 2nd. They set a buy rating and a $48.00 price target for the company. Wolfe Research started coverage on shares of IAA in a research report on Friday, July 12th. They set an outperform rating for the company. Finally, SunTrust Banks started coverage on shares of IAA in a research report on Monday, July 1st. They set a buy rating and a $47.00 price target for the company. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has a consensus rating of Buy and an average target price of $48.80.

Shares of NYSE:IAA opened at $44.06 on Monday. IAA has a 52-week low of $38.08 and a 52-week high of $48.49. The stock has a fifty day moving average of $44.48.

IAA (NYSE:IAA) last announced its earnings results on Tuesday, August 13th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.08. The company had revenue of $366.40 million during the quarter, compared to analysts’ expectations of $357.90 million. During the same quarter last year, the firm posted $0.41 earnings per share. The firm’s revenue was up 10.0% on a year-over-year basis. As a group, analysts predict that IAA will post 1.49 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Advisor Group Inc. bought a new position in shares of IAA during the second quarter valued at about $28,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of IAA during the second quarter valued at about $33,000. FTB Advisors Inc. bought a new position in shares of IAA during the second quarter valued at about $34,000. Crewe Advisors LLC bought a new position in shares of IAA during the second quarter valued at about $34,000. Finally, Cornerstone Advisors Inc. bought a new position in shares of IAA during the second quarter valued at about $35,000.

About IAA

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.

Featured Article: What is meant by a buy rating?

Analyst Recommendations for IAA (NYSE:IAA)

Receive News & Ratings for IAA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IAA and related companies with MarketBeat.com's FREE daily email newsletter.