FirstCash Inc (FCFS) Receives Consensus Recommendation of “Hold” from Brokerages
FirstCash Inc (NASDAQ:FCFS) has been given a consensus rating of “Hold” by the ten brokerages that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $66.40.
A number of brokerages recently weighed in on FCFS. Zacks Investment Research raised shares of FirstCash from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a research note on Thursday, August 31st. BidaskClub downgraded shares of FirstCash from a “hold” rating to a “sell” rating in a research note on Thursday, September 14th. Finally, CL King downgraded shares of FirstCash from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th.
FirstCash (NASDAQ FCFS) traded up 1.68% during mid-day trading on Friday, reaching $60.60. 253,341 shares of the company’s stock were exchanged. The firm has a market cap of $2.89 billion, a price-to-earnings ratio of 32.81 and a beta of 0.90. FirstCash has a 12 month low of $39.80 and a 12 month high of $63.60. The stock has a 50-day moving average of $60.68 and a 200-day moving average of $56.71.
FirstCash (NASDAQ:FCFS) last released its quarterly earnings results on Thursday, July 27th. The credit services provider reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.05. The firm 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% on a year-over-year basis. During the same quarter last year, the firm earned $0.51 earnings per share. Analysts anticipate that FirstCash will post $2.65 earnings per share for the current year.
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Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlueCrest Capital Management Ltd bought a new position in FirstCash during the first quarter worth $202,000. AlphaOne Investment Services LLC bought a new position in FirstCash during the second quarter worth $207,000. Riverhead Capital Management LLC raised its stake in FirstCash by 74.4% during 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. Strs Ohio raised its stake in FirstCash by 100.0% during the second quarter. Strs Ohio now owns 3,800 shares of the credit services provider’s stock worth $221,000 after buying an additional 1,900 shares during the last quarter. Finally, Miles Capital Inc. bought a new position in FirstCash during the second quarter worth $221,000.
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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