Shares of First Cash, Inc. (NYSE:FCFS) have earned an average recommendation of “Buy” from the eleven research firms that are presently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $66.40.

FCFS has been the topic of several research reports. Zacks Investment Research raised First Cash from a “sell” rating to a “buy” rating and set a $72.00 price objective on the stock in a research report on Monday, October 30th. BidaskClub lowered First Cash from a “buy” rating to a “hold” rating in a research report on Friday, October 6th. Finally, Wedbush raised their price objective on First Cash from $62.00 to $66.00 and gave the company an “outperform” rating in a research report on Thursday, October 5th.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Insight Capital Research & Management Inc. purchased a new stake in shares of First Cash during the third quarter worth about $913,000. California Public Employees Retirement System increased its position in shares of First Cash by 3.9% during the third quarter. California Public Employees Retirement System now owns 166,423 shares of the credit services provider’s stock worth $10,510,000 after acquiring an additional 6,211 shares during the last quarter. Zions Bancorporation purchased a new stake in shares of First Cash during the third quarter worth about $230,000. Earnest Partners LLC increased its position in shares of First Cash by 1.6% during the third quarter. Earnest Partners LLC now owns 1,474,115 shares of the credit services provider’s stock worth $93,090,000 after acquiring an additional 22,690 shares during the last quarter. Finally, Grandeur Peak Global Advisors LLC purchased a new stake in shares of First Cash during the third quarter worth about $54,801,000. 95.71% of the stock is currently owned by institutional investors and hedge funds.

First Cash (NYSE:FCFS) traded down $0.05 during trading hours on Monday, reaching $67.75. The company’s stock had a trading volume of 393,900 shares, compared to its average volume of 236,395. The company has a quick ratio of 4.30, a current ratio of 6.57 and a debt-to-equity ratio of 0.20. First Cash has a one year low of $39.80 and a one year high of $68.10. The stock has a market capitalization of $3,196.90, a price-to-earnings ratio of 26.26 and a beta of 0.79.

First Cash (NYSE:FCFS) last released its quarterly earnings data on Thursday, October 26th. The credit services provider reported $0.61 EPS for the quarter, beating the consensus estimate of $0.60 by $0.01. First Cash had a return on equity of 8.45% and a net margin of 6.41%. The company had revenue of $435.40 million for the quarter, compared to analyst estimates of $418.57 million. During the same period last year, the company posted $0.58 earnings per share. The firm’s revenue was up 66.7% compared to the same quarter last year. research analysts predict that First Cash will post 2.65 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Monday, November 13th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.18%. This is a positive change from First Cash’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Friday, November 10th. First Cash’s payout ratio is presently 34.19%.

COPYRIGHT VIOLATION WARNING: This news story was originally reported by American Banking News and is owned by of American Banking News. If you are viewing this news story on another site, it was illegally copied and republished in violation of international trademark and copyright laws. The correct version of this news story can be read at https://www.americanbankingnews.com/2017/12/11/first-cash-inc-fcfs-receives-consensus-recommendation-of-buy-from-brokerages.html.

First Cash 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 First Cash (NYSE:FCFS)

Receive News & Ratings for First Cash Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Cash Inc. and related companies with MarketBeat.com's FREE daily email newsletter.