FirstCash Inc (FCFS) Earns Outperform Rating from Analysts at Credit Suisse Group
Credit Suisse Group initiated coverage on shares of FirstCash Inc (NASDAQ:FCFS) in a note issued to investors on Wednesday. The brokerage set an “outperform” rating and a $73.00 price target on the credit services provider’s stock. Credit Suisse Group’s target price points to a potential upside of 15.87% from the company’s previous close.
Several other equities research analysts have also weighed in on FCFS. Zacks Investment Research raised FirstCash from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a research report on Wednesday, August 16th. Jefferies Group LLC set a $69.00 target price on FirstCash and gave the stock a “buy” rating in a research note on Friday, August 18th. BidaskClub raised FirstCash from a “hold” rating to a “buy” rating in a report on Thursday, September 28th. Finally, JMP Securities upped their price target on FirstCash and gave the company an “outperform” rating in a report on Friday, July 28th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. FirstCash has an average rating of “Buy” and a consensus price target of $63.14.
Shares of FirstCash (NASDAQ FCFS) opened at 63.00 on Wednesday. The stock’s 50 day moving average price is $60.01 and its 200-day moving average price is $55.47. FirstCash has a 52 week low of $39.80 and a 52 week high of $63.60. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of 34.11 and a beta of 0.90.
FirstCash (NASDAQ:FCFS) last announced its quarterly earnings results on Thursday, July 27th. The credit services provider reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ 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 return on equity of 4.10% and a net margin of 3.66%. FirstCash’s revenue for the quarter was up 128.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.51 EPS. Equities analysts anticipate that FirstCash will post $2.66 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. BB&T Securities grew its stake in FirstCash by 3.0% during the 4th quarter. BB&T Securities now owns 19,416 shares of the credit services provider’s stock worth $726,000 after buying an additional 565 shares during the last quarter. Global Thematic Partners LLC acquired a new stake in shares of FirstCash in the fourth quarter valued at approximately $2,338,000. California State Teachers Retirement System grew its position in shares of FirstCash by 1.7% during the fourth quarter. California State Teachers Retirement System now owns 52,280 shares of the credit services provider’s stock worth $1,957,000 after acquiring an additional 885 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its position in shares of FirstCash by 9.6% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,332,316 shares of the credit services provider’s stock worth $49,869,000 after acquiring an additional 117,100 shares during the last quarter. Finally, Rhumbline Advisers grew its position in shares of FirstCash by 6.4% during the fourth quarter. Rhumbline Advisers now owns 39,802 shares of the credit services provider’s stock worth $1,490,000 after acquiring an additional 2,390 shares during the last quarter.
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.
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