Jefferies Financial Group Initiates Coverage on IAA (NYSE:IAA)

Jefferies Financial Group assumed coverage on shares of IAA (NYSE:IAA) in a research report sent to investors on Wednesday, BenzingaRatingsTable reports. The firm issued a buy rating and a $55.00 price objective on the stock.

A number of other equities research analysts also recently weighed in on IAA. Northcoast Research reiterated a neutral rating on shares of IAA in a report on Monday, July 1st. Stephens initiated coverage on IAA in a report on Monday, July 1st. They set an overweight rating and a $45.00 price objective for the company. Barrington Research initiated coverage on IAA in a report on Monday, July 8th. They set a market perform rating and a $43.00 price objective for the company. Wolfe Research initiated coverage on IAA in a report on Friday, July 12th. They set an outperform rating for the company. Finally, Robert W. Baird initiated coverage on IAA in a report on Friday, June 28th. They set an outperform rating for the company. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $47.60.

Shares of IAA stock opened at $47.50 on Wednesday. IAA has a fifty-two week low of $38.08 and a fifty-two week high of $47.99.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IAA. Advisor Group Inc. bought a new stake in shares of IAA during the second quarter valued at approximately $28,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of IAA during the second quarter valued at approximately $33,000. Cornerstone Advisors Inc. bought a new stake in shares of IAA during the second quarter valued at approximately $35,000. Flagship Harbor Advisors LLC bought a new stake in shares of IAA during the second quarter valued at approximately $62,000. Finally, Pendal Group Ltd bought a new stake in shares of IAA during the second quarter valued at approximately $153,000.

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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