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.

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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.

Analyst Recommendations for FirstCash (NASDAQ:FCFS)

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