FirstCash Inc (FCFS) Receives Average Recommendation of “Buy” from Brokerages
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.
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