FirstCash Inc (FCFS) Rating Lowered to Hold at BidaskClub
FirstCash Inc (NASDAQ:FCFS) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Friday.
A number of other equities analysts have also recently issued reports on the company. Wedbush raised their target price on FirstCash from $62.00 to $66.00 and gave the stock an “outperform” rating in a report on Thursday. Credit Suisse Group began coverage on FirstCash in a report on Wednesday. They set an “outperform” rating and a $73.00 target price on the stock. Finally, Zacks Investment Research cut FirstCash from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $64.00.
Shares of FirstCash (NASDAQ FCFS) opened at 61.70 on Friday. FirstCash has a 1-year low of $39.80 and a 1-year high of $63.60. The firm’s 50-day moving average is $60.17 and its 200-day moving average is $55.68. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of 33.41 and a beta of 0.90.
FirstCash (NASDAQ:FCFS) last announced its quarterly earnings data on Thursday, July 27th. The credit services provider reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.05. FirstCash had a return on equity of 4.10% and a net margin of 3.66%. The firm had revenue of $416.60 million during the quarter, compared to analyst estimates of $410.65 million. During the same period last year, the company earned $0.51 earnings per share. The company’s revenue was up 128.9% on a year-over-year basis. On average, analysts predict that FirstCash will post $2.65 earnings per share for the current fiscal year.
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Several large investors have recently added to or reduced their stakes in FCFS. UBS Asset Management Americas Inc. lifted its holdings in shares of FirstCash by 37.0% during the 1st quarter. UBS Asset Management Americas Inc. now owns 28,902 shares of the credit services provider’s stock valued at $1,421,000 after purchasing an additional 7,810 shares in the last quarter. Karp Capital Management Corp bought a new position in shares of FirstCash during the 1st quarter valued at about $569,000. Parametric Portfolio Associates LLC lifted its holdings in shares of FirstCash by 7.4% during the 1st quarter. Parametric Portfolio Associates LLC now owns 181,221 shares of the credit services provider’s stock valued at $8,907,000 after purchasing an additional 12,501 shares in the last quarter. Ameritas Investment Partners Inc. bought a new position in shares of FirstCash during the 1st quarter valued at about $202,000. Finally, Mason Street Advisors LLC lifted its holdings in shares of FirstCash by 6.5% during the 1st quarter. Mason Street Advisors LLC now owns 11,292 shares of the credit services provider’s stock valued at $555,000 after purchasing an additional 692 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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