JMP Securities upgraded shares of First Cash Financial Services Inc. (NASDAQ:FCFS) from a market perform rating to an outperform rating in a report published on Thursday morning. JMP Securities currently has $57.00 price objective on the stock.

Other equities analysts have also issued research reports about the company. Janney Montgomery Scott raised First Cash Financial Services from a neutral rating to a buy rating and increased their target price for the stock from $52.00 to $59.00 in a research note on Monday, October 3rd. Jefferies Group restated a buy rating and set a $60.00 price target on shares of First Cash Financial Services in a report on Thursday, September 22nd. TheStreet upgraded First Cash Financial Services from a hold rating to a buy rating in a report on Thursday, July 28th. Zacks Investment Research upgraded First Cash Financial Services from a strong sell rating to a hold rating in a report on Monday, July 18th. Finally, JPMorgan Chase & Co. cut their price target on First Cash Financial Services from $50.00 to $48.00 and set a neutral rating on the stock in a report on Thursday, September 8th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. First Cash Financial Services currently has a consensus rating of Buy and an average price target of $51.90.

Shares of First Cash Financial Services (NASDAQ:FCFS) traded down 2.28% during midday trading on Thursday, reaching $46.30. The company’s stock had a trading volume of 30,554 shares. The stock’s 50-day moving average price is $48.37 and its 200-day moving average price is $48.23. First Cash Financial Services has a 12-month low of $29.64 and a 12-month high of $53.95. The company has a market cap of $1.31 billion, a P/E ratio of 23.62 and a beta of 0.90.

First Cash Financial Services (NASDAQ:FCFS) last posted its earnings results on Thursday, July 28th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.04. The firm had revenue of $181.98 million for the quarter, compared to analyst estimates of $178.75 million. During the same period in the previous year, the company posted $0.51 EPS. First Cash Financial Services’s revenue was up 8.6% on a year-over-year basis. On average, analysts expect that First Cash Financial Services will post $2.26 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in First Cash Financial Services by 1.3% in the second quarter. Vanguard Group Inc. now owns 2,152,407 shares of the company’s stock valued at $110,484,000 after buying an additional 27,345 shares in the last quarter. BlackRock Fund Advisors boosted its stake in First Cash Financial Services by 2.3% in the second quarter. BlackRock Fund Advisors now owns 1,829,738 shares of the company’s stock valued at $93,920,000 after buying an additional 40,690 shares in the last quarter. William Blair Investment Management LLC boosted its stake in First Cash Financial Services by 2.3% in the second quarter. William Blair Investment Management LLC now owns 1,630,482 shares of the company’s stock valued at $83,693,000 after buying an additional 36,457 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in First Cash Financial Services by 5.6% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,399,766 shares of the company’s stock valued at $71,851,000 after buying an additional 74,350 shares in the last quarter. Finally, FMR LLC boosted its stake in First Cash Financial Services by 27.8% in the second quarter. FMR LLC now owns 1,260,937 shares of the company’s stock valued at $64,724,000 after buying an additional 274,221 shares in the last quarter.

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.

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