First Cash Financial Services Downgraded to “Underperform” at Zacks (FCFS)
First Cash Financial Services (NASDAQ:FCFS) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report issued on Tuesday, American Banking & Market News reports. They currently have a $47.40 price objective on the stock. Zacks‘ price objective points to a potential downside of 2.59% from the company’s current price.
First Cash Financial Services (NASDAQ:FCFS) traded up 2.13% on Tuesday, hitting $49.00. 118,668 shares of the company’s stock traded hands. First Cash Financial Services has a 1-year low of $47.56 and a 1-year high of $64.06. The stock’s 50-day moving average is $58.95 and its 200-day moving average is $57.90. The company has a market cap of $1.418 billion and a price-to-earnings ratio of 16.90.
First Cash Financial Services (NASDAQ:FCFS) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by $0.01. The company had revenue of $185.20 million for the quarter, compared to the consensus estimate of $192.28 million. During the same quarter in the previous year, the company posted $0.93 earnings per share. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, analysts predict that First Cash Financial Services will post $3.14 earnings per share for the current fiscal year.
A number of other firms have also recently commented on FCFS. Analysts at Jefferies Group cut their price target on shares of First Cash Financial Services from $58.00 to $52.00 in a research note to investors on Wednesday, January 29th. Separately, analysts at Telsey Advisory Group cut their price target on shares of First Cash Financial Services from $65.00 to $57.00 in a research note to investors on Tuesday, January 28th. They now have a “not rated” rating on the stock. Finally, analysts at FBR Capital Markets cut their price target on shares of First Cash Financial Services from $60.00 to $52.00 in a research note to investors on Tuesday, January 28th. They now have a “market perform” rating on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. First Cash Financial Services has a consensus rating of “Hold” and a consensus price target of $55.44.
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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