Gilford Securities Maintains Buy Rating on Aaron's

According to Gilford Securities, Aaron's (NYSE: AAN) Buy rating is maintained.

Gilford Securities said that Aaron's is a leading rent-to-own operator in the United States and has a low-price provider strategy. “AAN shares are attractive on a long-term investment horizon, driven by the company's consistent growth strategy. The shares currently trade at 16.3x our 2011E EPS of $1.74 and 14.2x our 2012E EPS of $2.00.”

Aaron's closed yesterday at $28.33.