FirstCash Inc (FCFS) Receives Consensus Recommendation of “Buy” from Analysts

FirstCash Inc (NYSE:FCFS) has been given a consensus recommendation of “Buy” by the eleven analysts that are currently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $68.00.

A number of research analysts recently commented on FCFS shares. BidaskClub upgraded FirstCash from a “hold” rating to a “buy” rating in a report on Thursday, September 28th. Zacks Investment Research upgraded FirstCash from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a report on Thursday, September 14th. Finally, Jefferies Group reiterated a “buy” rating and issued a $73.00 price objective on shares of FirstCash in a report on Thursday, October 12th.

FirstCash (NYSE:FCFS) traded up $0.45 during mid-day trading on Friday, hitting $69.80. The stock had a trading volume of 164,400 shares, compared to its average volume of 179,100. FirstCash has a 1-year low of $39.80 and a 1-year high of $70.25. The stock has a market capitalization of $3,272.40, a price-to-earnings ratio of 29.83 and a beta of 0.79. The company has a quick ratio of 4.30, a current ratio of 6.57 and a debt-to-equity ratio of 0.20.

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

Large investors have recently added to or reduced their stakes in the business. Grandeur Peak Global Advisors LLC purchased a new stake in shares of FirstCash during the third quarter worth $54,801,000. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of FirstCash during the third quarter worth $1,736,000. Earnest Partners LLC increased its position in shares of FirstCash 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 period. Insight Capital Research & Management Inc. purchased a new stake in shares of FirstCash during the third quarter worth $913,000. Finally, California Public Employees Retirement System increased its position in shares of FirstCash 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 period. Institutional investors own 95.69% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This story was first reported by American Banking News and is the property of of American Banking News. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of US & international copyright legislation. The correct version of this story can be read at https://www.americanbankingnews.com/2018/01/05/firstcash-inc-fcfs-receives-consensus-recommendation-of-buy-from-analysts.html.

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 (NYSE:FCFS)

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

Leave a Reply