IAA (NYSE:IAA) Earns Market Perform Rating from Analysts at Barrington Research

Barrington Research assumed coverage on shares of IAA (NYSE:IAA) in a research report released on Monday, Briefing.com Automated Import reports. The brokerage issued a market perform rating and a $43.00 price target 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.

IAA has been the topic of a number of other research reports. Northcoast Research reaffirmed a neutral rating on shares of IAA in a report on Monday, July 1st. SunTrust Banks lifted their price objective on Constellation Brands from $180.00 to $190.00 and gave the company a hold rating in a report on Monday, July 1st. Robert W. Baird started coverage on IAA in a report on Friday, June 28th. They issued an outperform rating on the stock. Stephens set a $112.00 price objective on Genesee & Wyoming and gave the company a hold rating in a report on Monday, July 1st. Finally, Guggenheim lifted their price objective on Equinix from $505.00 to $540.00 and gave the company a sell rating in a report on Tuesday, July 2nd. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. IAA currently has an average rating of Buy and a consensus target price of $45.75.

IAA traded up $1.40 during trading on Monday, reaching $41.40. The company’s stock had a trading volume of 1,539,957 shares, compared to its average volume of 2,691,020. IAA has a 52-week low of $38.08 and a 52-week high of $41.93.



Institutional investors and hedge funds have recently made changes to their positions in the business. KAMES CAPITAL plc purchased a new stake in shares of IAA during the 2nd quarter worth approximately $23,638,000. First National Bank of Omaha purchased a new stake in shares of IAA during the 2nd quarter worth approximately $3,812,000. Finally, Retirement Systems of Alabama purchased a new stake in shares of IAA during the 2nd quarter worth approximately $1,991,000.

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.

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Analyst Recommendations for IAA (NYSE:IAA)

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