First Cash Financial Services Inc. (FCFS) Given Buy Rating at Jefferies Group
First Cash Financial Services Inc. (NASDAQ:FCFS)‘s stock had its “buy” rating reiterated by stock analysts at Jefferies Group in a note issued to investors on Thursday. They currently have a $60.00 price target on the stock. Jefferies Group’s price target indicates a potential upside of 27.82% from the company’s current price.
A number of other brokerages have also recently issued reports on FCFS. Zacks Investment Research upgraded shares of First Cash Financial Services from a “strong sell” rating to a “hold” rating in a research note on Monday, July 18th. JPMorgan Chase & Co. dropped their price objective on shares of First Cash Financial Services from $50.00 to $48.00 and set a “neutral” rating for the company in a research note on Thursday, September 8th. Sterne Agee CRT upgraded shares of First Cash Financial Services from a “neutral” rating to a “buy” rating and set a $56.00 price objective for the company in a research note on Friday, June 3rd. Finally, TheStreet upgraded shares of First Cash Financial Services from a “hold” rating to a “buy” rating in a research note on Thursday, July 28th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $48.75.
Shares of First Cash Financial Services (NASDAQ:FCFS) opened at 46.94 on Thursday. The firm’s 50 day moving average is $50.46 and its 200-day moving average is $47.91. First Cash Financial Services has a 52-week low of $29.64 and a 52-week high of $53.95. The company has a market capitalization of $1.33 billion, a P/E ratio of 23.95 and a beta of 0.90.
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First Cash Financial Services (NASDAQ:FCFS) last released its earnings results on Thursday, July 28th. The company reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.04. The company had revenue of $181.98 million for the quarter, compared to analyst estimates of $178.75 million. First Cash Financial Services’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.51 earnings per share. Equities research analysts anticipate that First Cash Financial Services will post $2.26 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 24th. Stockholders of record on Wednesday, August 10th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.07%. The ex-dividend date was Monday, August 8th. First Cash Financial Services’s payout ratio is 25.38%.
Several large investors have recently bought and sold shares of FCFS. Aperio Group LLC purchased a new stake in First Cash Financial Services during the first quarter valued at $294,000. BlackRock Fund Advisors raised its stake in First Cash Financial Services by 1.4% in the first quarter. BlackRock Fund Advisors now owns 1,789,048 shares of the company’s stock valued at $82,404,000 after buying an additional 24,828 shares during the last quarter. JPMorgan Chase & Co. raised its stake in First Cash Financial Services by 2.7% in the first quarter. JPMorgan Chase & Co. now owns 970,602 shares of the company’s stock valued at $44,706,000 after buying an additional 25,623 shares during the last quarter. BlackRock Group LTD raised its stake in First Cash Financial Services by 7.1% in the first quarter. BlackRock Group LTD now owns 37,689 shares of the company’s stock valued at $1,736,000 after buying an additional 2,506 shares during the last quarter. Finally, Norges Bank purchased a new stake in First Cash Financial Services during the fourth quarter valued at $9,529,000.
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.
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