FirstCash Inc (NASDAQ:FCFS) had its price target boosted by research analysts at Wedbush from $62.00 to $66.00 in a research report issued to clients and investors on Thursday. The firm currently has an “outperform” rating on the credit services provider’s stock. Wedbush’s target price would indicate a potential upside of 5.01% from the stock’s current price.

A number of other equities research analysts also recently commented on FCFS. Stephens lifted their price target on shares of FirstCash from $51.00 to $62.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 21st. BidaskClub upgraded shares of FirstCash from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 27th. Zacks Investment Research upgraded shares of FirstCash from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a report on Tuesday, July 11th. Janney Montgomery Scott downgraded shares of FirstCash from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $58.55 to $58.00 in a report on Monday, July 17th. Finally, CL King downgraded shares of FirstCash from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $64.00.

FirstCash (NASDAQ FCFS) traded down 0.676% during mid-day trading on Thursday, hitting $62.425. 24,511 shares of the stock traded hands. FirstCash has a 12-month low of $39.80 and a 12-month high of $63.60. The firm’s 50-day moving average is $60.09 and its 200-day moving average is $55.52. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 33.798 and a beta of 0.90.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings results on Thursday, July 27th. The credit services provider reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.05. The business 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 quarterly revenue 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 expect that FirstCash will post $2.66 EPS for the current year.

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A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in FirstCash by 1.0% during the second quarter. BlackRock Inc. now owns 5,957,256 shares of the credit services provider’s stock valued at $347,308,000 after buying an additional 58,403 shares in the last quarter. Vanguard Group Inc. lifted its position in FirstCash by 1.2% during the second quarter. Vanguard Group Inc. now owns 4,199,210 shares of the credit services provider’s stock valued at $244,815,000 after buying an additional 51,576 shares in the last quarter. William Blair Investment Management LLC lifted its position in FirstCash by 5.0% during the second quarter. William Blair Investment Management LLC now owns 1,887,660 shares of the credit services provider’s stock valued at $110,051,000 after buying an additional 90,041 shares in the last quarter. FMR LLC lifted its position in FirstCash by 14.4% during the first quarter. FMR LLC now owns 1,710,218 shares of the credit services provider’s stock valued at $84,057,000 after buying an additional 215,693 shares in the last quarter. Finally, Earnest Partners LLC lifted its position in FirstCash by 1.5% during the second quarter. Earnest Partners LLC now owns 1,451,425 shares of the credit services provider’s stock valued at $84,618,000 after buying an additional 21,038 shares in 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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