First Cash Financial Services Rating Reiterated by Jefferies Group (FCFS)
First Cash Financial Services (NASDAQ:FCFS)‘s stock had its “hold” rating reaffirmed by research analysts at Jefferies Group in a report released on Friday, AnalystRatings.Net reports. They currently have a $58.00 price objective on the stock. Jefferies Group’s price target would indicate a potential downside of 0.26% from the stock’s previous close.
Shares of First Cash Financial Services (NASDAQ:FCFS) traded up 2.15% during mid-day trading on Friday, hitting $59.40. 87,991 shares of the company’s stock traded hands. First Cash Financial Services has a 52 week low of $41.17 and a 52 week high of $60.91. The stock’s 50-day moving average is $57.02 and its 200-day moving average is $54.57. The company has a market cap of $1.717 billion and a price-to-earnings ratio of 20.89.
First Cash Financial Services (NASDAQ:FCFS) last posted its quarterly earnings results on Thursday, October 17th. The company reported $0.79 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.65 by $0.14. The company had revenue of $174.00 million for the quarter, compared to the consensus estimate of $166.46 million. During the same quarter in the prior year, the company posted $0.67 earnings per share. The company’s quarterly revenue was up 16.4% on a year-over-year basis. Analysts expect that First Cash Financial Services will post $2.82 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Thomson Reuters/Verus downgraded shares of First Cash Financial Services from a “hold” rating to a “sell” rating in a research note to investors on Monday. Separately, analysts at FBR & Co. downgraded shares of First Cash Financial Services from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, October 1st. Finally, analysts at FBR Capital Markets downgraded shares of First Cash Financial Services from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, October 1st. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $55.51.
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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