First Cash Financial Services Inc. (NASDAQ:FCFS)‘s stock had its “buy” rating reaffirmed by investment analysts at Jefferies Group in a research note issued to investors on Thursday. They currently have a $60.00 target price on the stock. Jefferies Group’s price target indicates a potential upside of 27.82% from the company’s previous close.

A number of other analysts have also commented on the company. JPMorgan Chase & Co. decreased their target price on First Cash Financial Services from $50.00 to $48.00 and set a “neutral” rating for the company in a research report on Thursday, September 8th. Sterne Agee CRT upgraded First Cash Financial Services from a “neutral” rating to a “buy” rating and set a $56.00 price objective on the stock in a research report on Friday, June 3rd. Zacks Investment Research downgraded First Cash Financial Services from a “hold” rating to a “sell” rating in a research report on Wednesday, June 29th. Finally, TheStreet raised First Cash Financial Services from a “hold” rating to a “buy” rating in a research note on Thursday, July 28th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $48.75.

Analyst Recommendations for First Cash Financial Services (NASDAQ:FCFS)

Shares of First Cash Financial Services (NASDAQ:FCFS) opened at 46.94 on Thursday. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 23.95 and a beta of 0.90. The company has a 50-day moving average price of $50.46 and a 200 day moving average price of $47.91. First Cash Financial Services has a 12-month low of $29.64 and a 12-month high of $53.95.

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First Cash Financial Services (NASDAQ:FCFS) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. The firm had revenue of $181.98 million for the quarter, compared to the consensus estimate of $178.75 million. The company’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.51 EPS. Equities research analysts expect that First Cash Financial Services will post $2.26 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 24th. Shareholders of record on Wednesday, August 10th were paid a $0.125 dividend. The ex-dividend date of this dividend was Monday, August 8th. This represents a $0.50 dividend on an annualized basis and a yield of 1.07%. First Cash Financial Services’s dividend payout ratio is currently 25.38%.

Large investors have recently made changes to their positions in the company. Metropolitan Life Insurance Co. NY boosted its stake in First Cash Financial Services by 5.0% in the first quarter. Metropolitan Life Insurance Co. NY now owns 19,692 shares of the company’s stock worth $907,000 after buying an additional 934 shares during the last quarter. Legal & General Group Plc raised its stake in First Cash Financial Services by 14.2% in the first quarter. Legal & General Group Plc now owns 7,563 shares of the company’s stock worth $348,000 after buying an additional 942 shares during the last quarter. Renaissance Technologies LLC raised its stake in First Cash Financial Services by 42.0% in the first quarter. Renaissance Technologies LLC now owns 111,600 shares of the company’s stock worth $5,140,000 after buying an additional 33,000 shares during the last quarter. Lazard Asset Management LLC raised its stake in First Cash Financial Services by 17.9% in the first quarter. Lazard Asset Management LLC now owns 162,243 shares of the company’s stock worth $7,472,000 after buying an additional 24,600 shares during the last quarter. Finally, State Street Corp raised its stake in First Cash Financial Services by 2.7% in the first quarter. State Street Corp now owns 542,897 shares of the company’s stock worth $25,005,000 after buying an additional 14,019 shares during the last quarter.

About First Cash Financial Services

First Cash Financial Services, Inc is an operator of retail-based pawn stores in the United States and Latin America. The Company’s primary business is the operation of full-service pawn stores, which make small pawn loans secured by personal property, such as consumer electronics, jewelry, power tools, household appliances, sporting goods and musical instruments.

5 Day Chart for NASDAQ:FCFS

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