Cash America International Downgraded to Equal Weight at Stephens (CSH)
Cash America International (NYSE:CSH) was downgraded by equities research analysts at Stephens from an “overweight” rating to an “equal weight” rating in a research note issued to investors on Friday, TheFlyOnTheWall.com reports. They currently have a $43.00 target price on the stock, down from their previous target price of $50.00. Stephens’ price target indicates a potential upside of 11.08% from the stock’s previous close.
Shares of Cash America International (NYSE:CSH) traded down 3.63% during mid-day trading on Friday, hitting $38.71. 812,900 shares of the company’s stock traded hands. Cash America International has a 1-year low of $34.21 and a 1-year high of $54.12. The stock has a 50-day moving average of $42.19 and a 200-day moving average of $46.40. The company has a market cap of $1.090 billion and a P/E ratio of 11.83.
Cash America International (NYSE:CSH) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.80 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.81 by $0.01. The company had revenue of $437.80 million for the quarter, compared to the consensus estimate of $443.67 million. During the same quarter last year, the company posted $1.02 earnings per share. Cash America International’s revenue was down .4% compared to the same quarter last year. On average, analysts predict that Cash America International will post $4.23 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, November 20th. Shareholders of record on Wednesday, November 6th will be given a dividend of $0.04 per share. This represents a $0.14 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date of this dividend is Monday, November 4th.
CSH has been the subject of a number of other recent research reports. Analysts at FBR Capital Markets cut their price target on shares of Cash America International from $50.00 to $46.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Janney Montgomery Scott cut their price target on shares of Cash America International from $49.00 to $43.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Finally, analysts at Zacks upgraded shares of Cash America International from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday. They now have a $48.80 price target on the stock. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $46.60.
Cash America International, Inc provides specialty financial services to individuals through retail services locations and through electronic distribution platforms known as e-commerce activities.
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