Cash America International Inc. (CSH) Raised to Buy at JMP Securities
Cash America International Inc. (NYSE:CSH) was upgraded by JMP Securities to a “buy” rating in a research report issued on Thursday. The firm currently has a $57.00 target price on the stock. JMP Securities’ price target indicates a potential upside of 35.07% from the stock’s previous close.
CSH has been the topic of a number of other reports. Zacks Investment Research cut Cash America International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 2nd. Jefferies Group reissued a “hold” rating on shares of Cash America International in a research report on Sunday, September 4th. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $45.00.
Cash America International (NYSE:CSH) remained flat at $42.20 during mid-day trading on Thursday. The stock has a 50-day moving average price of $43.36 and a 200-day moving average price of $39.65. Cash America International has a 52-week low of $26.00 and a 52-week high of $45.67.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/13/cash-america-international-inc-csh-raised-to-buy-at-jmp-securities.html
Cash America International (NYSE:CSH) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.10. The company earned $241.20 million during the quarter, compared to the consensus estimate of $250.05 million. During the same period in the prior year, the firm earned $0.06 earnings per share. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, analysts predict that Cash America International will post $1.45 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in CSH. Mason Street Advisors LLC acquired a new position in Cash America International during the second quarter valued at about $200,000. Wolverine Asset Management LLC acquired a new position in Cash America International during the second quarter valued at about $852,000. Hillsdale Investment Management Inc. acquired a new position in Cash America International during the second quarter valued at about $430,000. Legal & General Group Plc boosted its position in Cash America International by 25.8% in the second quarter. Legal & General Group Plc now owns 6,624 shares of the company’s stock valued at $278,000 after buying an additional 1,358 shares during the period. Finally, CNH Partners LLC acquired a new position in Cash America International during the second quarter valued at about $11,941,000.
Cash America International Company Profile
Cash America International, Inc provides specialty financial services to individuals through its storefront lending and franchised check cashing locations. The Company offers secured non-recourse loans, referred to as pawn loans, as its primary line of business. The Company is also engaged in originating, arranging, guaranteeing or purchasing consumer loans in some of its locations.
Receive News & Ratings for Cash America International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cash America International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.