Wedbush assumed coverage on shares of First Cash Financial Services Inc. (NASDAQ:FCFS) in a research report released on Monday. The firm issued an outperform rating and a $58.00 price target on the stock.

Other research analysts have also recently issued reports about the company. TheStreet raised First Cash Financial Services from a hold rating to a buy rating in a research report on Thursday, July 28th. JPMorgan Chase & Co. lowered their price objective on First Cash Financial Services from $50.00 to $48.00 and set a neutral rating for the company in a research report on Thursday, September 8th. Zacks Investment Research cut First Cash Financial Services from a hold rating to a sell rating in a research report on Wednesday, June 29th. Janney Montgomery Scott raised First Cash Financial Services from a neutral rating to a buy rating and upped their price objective for the stock from $52.00 to $59.00 in a research report on Monday, October 3rd. Finally, Jefferies Group reaffirmed a buy rating and set a $60.00 price objective on shares of First Cash Financial Services in a research report on Friday, September 2nd. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $51.33.

Analyst Recommendations for First Cash Financial Services (NASDAQ:FCFS)

Shares of First Cash Financial Services (NASDAQ:FCFS) traded down 0.31% on Monday, hitting $48.15. The company had a trading volume of 13,146 shares. First Cash Financial Services has a 52 week low of $29.64 and a 52 week high of $53.95. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 24.57 and a beta of 0.90. The stock’s 50-day moving average is $48.85 and its 200 day moving average is $48.25.

First Cash Financial Services (NASDAQ:FCFS) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.04. The company had revenue of $181.98 million for the quarter, compared to analysts’ expectations of $178.75 million. During the same quarter last year, the company earned $0.51 EPS. First Cash Financial Services’s revenue for the quarter was up 8.6% compared to the same quarter last year. Equities analysts expect that First Cash Financial Services will post $2.26 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in First Cash Financial Services by 12.6% in the second quarter. BlackRock Inc. now owns 2,281 shares of the company’s stock valued at $117,000 after buying an additional 255 shares during the last quarter. PineBridge Investments L.P. increased its position in First Cash Financial Services by 3.8% in the second quarter. PineBridge Investments L.P. now owns 3,582 shares of the company’s stock valued at $184,000 after buying an additional 130 shares during the last quarter. Teacher Retirement System of Texas increased its position in First Cash Financial Services by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 3,889 shares of the company’s stock valued at $200,000 after buying an additional 469 shares during the last quarter. Riverhead Capital Management LLC increased its position in First Cash Financial Services by 142.3% in the second quarter. Riverhead Capital Management LLC now owns 11,451 shares of the company’s stock valued at $201,000 after buying an additional 6,726 shares during the last quarter. Finally, ProShare Advisors LLC purchased a new position in First Cash Financial Services during the second quarter valued at $205,000.

About First Cash Financial Services

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.

5 Day Chart for NASDAQ:FCFS

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