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.
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.
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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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