FirstCash Inc (NASDAQ:FCFS) has earned an average recommendation of “Buy” from the nine research firms that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $62.25.

Several research firms recently commented on FCFS. Stephens boosted their price objective on shares of FirstCash from $51.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 21st. BidaskClub raised shares of FirstCash from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. Zacks Investment Research raised shares of FirstCash from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a research note on Tuesday, July 11th. Janney Montgomery Scott downgraded shares of FirstCash from a “buy” rating to a “neutral” rating and decreased their target price for the company from $58.55 to $58.00 in a research note on Monday, July 17th. Finally, CL King lowered shares of FirstCash from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th.

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FirstCash (NASDAQ FCFS) traded up 0.16% during trading on Wednesday, hitting $63.25. 224,637 shares of the stock were exchanged. FirstCash has a 52 week low of $39.80 and a 52 week high of $63.60. The stock has a market cap of $3.02 billion, a P/E ratio of 34.24 and a beta of 0.90. The stock has a 50 day moving average of $58.89 and a 200-day moving average of $54.14.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings results on Thursday, July 27th. The credit services provider reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.05. The company had revenue of $416.60 million during the quarter, compared to analyst estimates of $410.65 million. FirstCash had a net margin of 3.66% and a return on equity of 4.10%. FirstCash’s quarterly revenue was up 128.9% compared to the same quarter last year. During the same period last year, the business earned $0.51 EPS. Equities analysts expect that FirstCash will post $2.66 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in FirstCash by 1.0% in the second quarter. BlackRock Inc. now owns 5,957,256 shares of the credit services provider’s stock worth $347,308,000 after buying an additional 58,403 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of FirstCash by 1.2% in the second quarter. Vanguard Group Inc. now owns 4,199,210 shares of the credit services provider’s stock worth $244,815,000 after buying an additional 51,576 shares in the last quarter. Fiduciary Management Inc. WI lifted its stake in shares of FirstCash by 27.6% in the first quarter. Fiduciary Management Inc. WI now owns 3,029,034 shares of the credit services provider’s stock worth $148,877,000 after buying an additional 654,624 shares in the last quarter. William Blair Investment Management LLC lifted its stake in shares of FirstCash by 5.0% in the second quarter. William Blair Investment Management LLC now owns 1,887,660 shares of the credit services provider’s stock worth $110,051,000 after buying an additional 90,041 shares in the last quarter. Finally, FMR LLC lifted its stake in shares of FirstCash by 14.4% in the first quarter. FMR LLC now owns 1,710,218 shares of the credit services provider’s stock worth $84,057,000 after buying an additional 215,693 shares in the last quarter.

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 (NASDAQ:FCFS)

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