FBR Capital Markets Downgrades First Cash Financial Services to Market Perform (FCFS)
First Cash Financial Services (NASDAQ:FCFS) was downgraded by equities research analysts at FBR Capital Markets from an “outperform” rating to a “market perform” rating in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The analysts noted that the move was a valuation call.
FCFS has been the subject of a number of other recent research reports. Analysts at Thomson Reuters/Verus upgraded shares of First Cash Financial Services (NASDAQ:FCFS) from a “sell” rating to a “hold” rating in a research note to investors on Monday, September 23rd. Finally, analysts at Zacks upgraded shares of First Cash Financial Services (NASDAQ:FCFS) from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, August 19th. They now have a $55.10 price target on the stock. Seven analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $54.89.
Shares of First Cash Financial Services (NASDAQ:FCFS) traded down 1.38% during mid-day trading on Tuesday, hitting $57.09. 47,988 shares of the company’s stock traded hands. First Cash Financial Services has a 1-year low of $41.17 and a 1-year high of $60.91. The stock’s 50-day moving average is $56.0 and its 200-day moving average is $54.39. The company has a market cap of $1.650 billion and a price-to-earnings ratio of 20.80.
First Cash Financial Services (NASDAQ:FCFS) last announced its earnings results on Wednesday, July 17th. The company reported $0.53 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.56 by $0.03. The company had revenue of $143.14 million for the quarter, compared to the consensus estimate of $149.84 million. During the same quarter last year, the company posted $0.56 earnings per share. First Cash Financial Services’s revenue was up 8.1% compared to the same quarter last year. On average, analysts predict that First Cash Financial Services will post $2.82 earnings per share for the current fiscal year.
First Cash Financial Services, Inc is an operator of retail-based pawn and consumer finance stores in the United States and Mexico.
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