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.

Analyst Recommendations for FirstCash (NASDAQ:FCFS)

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