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

Other analysts also recently issued reports about the stock. Zacks Investment Research raised shares of FirstCash from a “hold” rating to a “buy” rating and set a $66.00 target price for the company in a research report on Thursday, August 24th. Jefferies Group LLC set a $69.00 target price on shares of FirstCash and gave the stock a “buy” rating in a research report on Friday, August 18th. CL King downgraded shares of FirstCash from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 27th. Finally, Stephens boosted their price objective on shares of FirstCash from $51.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 21st. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $61.50.

Shares of FirstCash (NASDAQ FCFS) traded up 0.82% during trading on Friday, hitting $61.50. 130,458 shares of the stock were exchanged. The stock has a market cap of $2.93 billion, a price-to-earnings ratio of 33.30 and a beta of 0.90. FirstCash has a 12-month low of $39.80 and a 12-month high of $61.50. The stock’s 50 day moving average is $58.89 and its 200-day moving average is $54.14.

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

TRADEMARK VIOLATION WARNING: This piece was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of United States & international copyright laws. The correct version of this piece can be read at https://www.americanbankingnews.com/2017/09/22/firstcash-inc-fcfs-upgraded-by-bidaskclub-to-hold.html.

Several institutional investors have recently modified their holdings of FCFS. Newfoundland Capital Management acquired a new stake in shares of FirstCash in the first quarter worth $201,000. Ameritas Investment Partners Inc. acquired a new stake in shares of FirstCash in the first quarter worth $202,000. BlueCrest Capital Management Ltd acquired a new stake in shares of FirstCash in the first quarter worth $202,000. AlphaOne Investment Services LLC acquired a new stake in shares of FirstCash in the second quarter worth $207,000. Finally, Riverhead Capital Management LLC lifted its stake in shares of FirstCash by 74.4% in the second quarter. Riverhead Capital Management LLC now owns 3,663 shares of the credit services provider’s stock worth $214,000 after buying an additional 1,563 shares during the last quarter.

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.

Analyst Recommendations for FirstCash (NASDAQ:FCFS)

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.