FirstCash Inc (NASDAQ:FCFS) has been given a consensus recommendation of “Buy” by the eight analysts that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $53.83.

A number of equities research analysts have weighed in on FCFS shares. Jefferies Group LLC reiterated a “buy” rating and issued a $60.00 price objective on shares of FirstCash in a research note on Friday, April 7th. Zacks Investment Research cut FirstCash from a “buy” rating to a “hold” rating in a research note on Friday, April 28th. Wedbush boosted their price objective on FirstCash from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Tuesday, April 4th. Finally, TheStreet upgraded FirstCash from a “c+” rating to a “b” rating in a research note on Monday, April 17th.

In related news, CFO R Douglas Orr sold 5,000 shares of the company’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $52.50, for a total transaction of $262,500.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders have sold 15,000 shares of company stock worth $800,000 in the last ninety days.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Chevy Chase Trust Holdings Inc. acquired a new position in shares of FirstCash during the first quarter worth $215,000. Teachers Advisors LLC raised its stake in FirstCash by 25.5% in the fourth quarter. Teachers Advisors LLC now owns 102,818 shares of the credit services provider’s stock valued at $4,832,000 after buying an additional 20,898 shares during the period. Norges Bank purchased a new stake in FirstCash during the fourth quarter valued at $24,894,000. AQR Capital Management LLC raised its stake in FirstCash by 32.8% in the fourth quarter. AQR Capital Management LLC now owns 55,075 shares of the credit services provider’s stock valued at $2,589,000 after buying an additional 13,607 shares during the period. Finally, GSA Capital Partners LLP raised its stake in FirstCash by 102.8% in the fourth quarter. GSA Capital Partners LLP now owns 48,801 shares of the credit services provider’s stock valued at $2,294,000 after buying an additional 24,732 shares during the period.

COPYRIGHT VIOLATION NOTICE: “FirstCash Inc (FCFS) Receives Consensus Recommendation of “Buy” from Analysts” was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright and trademark legislation. The legal version of this story can be read at https://www.americanbankingnews.com/2017/06/19/firstcash-inc-fcfs-receives-consensus-recommendation-of-buy-from-analysts.html.

FirstCash (FCFS) traded up 0.314% during mid-day trading on Monday, hitting $55.825. 28,177 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $53.83 and its 200-day moving average price is $47.82. The stock has a market cap of $2.70 billion, a PE ratio of 28.166 and a beta of 0.90. FirstCash has a one year low of $39.80 and a one year high of $56.80.

FirstCash (NASDAQ:FCFS) last posted its earnings results on Thursday, April 27th. The credit services provider reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.08. The firm had revenue of $447.60 million during the quarter, compared to analysts’ expectations of $435.14 million. FirstCash had a return on equity of 8.92% and a net margin of 7.29%. The firm’s revenue was up 144.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.48 earnings per share. On average, analysts forecast that FirstCash will post $2.58 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 31st. Investors of record on Monday, May 15th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend was Thursday, May 11th. FirstCash’s dividend payout ratio is presently 25.38%.

About FirstCash

FirstCash, Inc, formerly 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.

Receive News & Ratings for FirstCash Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FirstCash Inc and related companies with MarketBeat.com's FREE daily email newsletter.