FirstCash Inc (FCFS) Upgraded by BidaskClub to Hold
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.
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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.
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.
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