Cash America International Inc. (CSH) Upgraded to Buy at JMP Securities
CSH has been the subject of a number of other reports. Zacks Investment Research lowered shares of Cash America International from a strong-buy rating to a hold rating in a research note on Tuesday, August 2nd. Jefferies Group reiterated a hold rating on shares of Cash America International in a research note on Sunday, September 4th. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of Buy and an average target price of $45.00.
Cash America International (NYSE:CSH) remained flat at $42.20 during midday trading on Thursday. Cash America International has a 52-week low of $26.00 and a 52-week high of $45.67. The firm has a 50 day moving average of $43.36 and a 200 day moving average of $39.65.
Cash America International (NYSE:CSH) last announced its earnings results on Thursday, July 28th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.10. The company had revenue of $241.20 million for the quarter, compared to analysts’ expectations of $250.05 million. Cash America International’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.06 earnings per share. On average, equities research analysts expect that Cash America International will post $1.45 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. bought a new position in Cash America International during the second quarter valued at approximately $144,000. Teacher Retirement System of Texas increased its position in Cash America International by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 3,556 shares of the company’s stock valued at $152,000 after buying an additional 428 shares during the period. Mason Street Advisors LLC bought a new position in Cash America International during the second quarter valued at approximately $200,000. Legal & General Group Plc increased its position in Cash America International by 25.8% in the second quarter. Legal & General Group Plc now owns 6,624 shares of the company’s stock valued at $278,000 after buying an additional 1,358 shares during the period. Finally, BlackRock Inc. increased its position in Cash America International by 249.9% in the second quarter. BlackRock Inc. now owns 6,649 shares of the company’s stock valued at $284,000 after buying an additional 4,749 shares during the period.
Cash America International Company Profile
Cash America International, Inc provides specialty financial services to individuals through its storefront lending and franchised check cashing locations. The Company offers secured non-recourse loans, referred to as pawn loans, as its primary line of business. The Company is also engaged in originating, arranging, guaranteeing or purchasing consumer loans in some of its locations.
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