FirstCash Inc (NASDAQ:FCFS) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Thursday.

Other equities analysts have also recently issued reports about the company. Zacks Investment Research raised FirstCash from a “hold” rating to a “buy” rating and set a $66.00 price objective on the stock in a research report on Thursday, August 24th. Jefferies Group LLC set a $69.00 price objective on FirstCash and gave the company a “buy” rating in a research report on Friday, August 18th. CL King cut FirstCash from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 27th. Finally, Stephens upped their price objective on FirstCash from $51.00 to $62.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $61.00.

Shares of FirstCash (NASDAQ:FCFS) traded up 3.19% during mid-day trading on Thursday, reaching $59.80. The company had a trading volume of 542,547 shares. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of 32.38 and a beta of 0.90. FirstCash has a one year low of $39.80 and a one year high of $60.75. The company has a 50 day moving average price of $58.77 and a 200 day moving average price of $53.79.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings results on Thursday, July 27th. The credit services provider reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.05. The company had revenue of $416.60 million for the quarter, compared to the consensus estimate of $410.65 million. FirstCash had a return on equity of 4.10% and a net margin of 3.66%. The firm’s quarterly revenue was up 128.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.51 EPS. On average, analysts anticipate that FirstCash will post $2.66 EPS for the current year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Chevy Chase Trust Holdings Inc. lifted its holdings in shares of FirstCash by 0.3% during the 2nd quarter. Chevy Chase Trust Holdings Inc. now owns 4,394 shares of the credit services provider’s stock valued at $256,000 after buying an additional 12 shares during the period. Ameritas Investment Partners Inc. lifted its holdings in shares of FirstCash by 1.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,160 shares of the credit services provider’s stock valued at $242,000 after buying an additional 50 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in shares of FirstCash by 0.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 32,077 shares of the credit services provider’s stock valued at $1,870,000 after buying an additional 83 shares during the period. HL Financial Services LLC lifted its holdings in shares of FirstCash by 2.2% during the 2nd quarter. HL Financial Services LLC now owns 4,237 shares of the credit services provider’s stock valued at $247,000 after buying an additional 91 shares during the period. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of FirstCash by 0.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 29,848 shares of the credit services provider’s stock valued at $1,740,000 after buying an additional 100 shares during the period.

FirstCash Company Profile

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.

Analyst Recommendations for FirstCash (NASDAQ:FCFS)

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