FirstCash (FCFS) Given a $75.00 Price Target at Wedbush
Wedbush set a $75.00 price target on FirstCash (NYSE:FCFS) in a research report sent to investors on Monday. The brokerage currently has a buy rating on the credit services provider’s stock. Wedbush also issued estimates for FirstCash’s Q1 2018 earnings at $0.71 EPS, Q2 2018 earnings at $0.58 EPS, Q3 2018 earnings at $0.82 EPS, FY2019 earnings at $3.75 EPS and FY2020 earnings at $4.25 EPS. The analysts noted that the move was a valuation call.
Several other analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of FirstCash from a buy rating to a hold rating in a research report on Friday, January 5th. ValuEngine downgraded shares of FirstCash from a buy rating to a hold rating in a research report on Friday, December 1st. BidaskClub raised shares of FirstCash from a sell rating to a hold rating in a research report on Friday, October 27th. Jefferies Group restated a buy rating and set a $73.00 price objective on shares of FirstCash in a research note on Thursday, October 12th. Finally, Credit Suisse Group started coverage on shares of FirstCash in a research note on Wednesday, October 4th. They set an outperform rating and a $73.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $67.00.
Shares of FirstCash (NYSE:FCFS) opened at $69.45 on Monday. The firm has a market cap of $3,280.00 and a P/E ratio of 29.81. FirstCash has a 12-month low of $39.80 and a 12-month high of $70.25. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.30 and a current ratio of 6.57.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Grandeur Peak Global Advisors LLC acquired a new stake in FirstCash during the 3rd quarter valued at approximately $54,801,000. Insight Capital Research & Management Inc. acquired a new stake in FirstCash during the 3rd quarter valued at approximately $913,000. Cornerstone Capital Management Holdings LLC. acquired a new stake in FirstCash during the 3rd quarter valued at approximately $1,736,000. Earnest Partners LLC lifted its stake in FirstCash by 1.6% during the 3rd quarter. Earnest Partners LLC now owns 1,474,115 shares of the credit services provider’s stock valued at $93,090,000 after acquiring an additional 22,690 shares during the period. Finally, California Public Employees Retirement System lifted its stake in FirstCash by 3.9% during the 3rd quarter. California Public Employees Retirement System now owns 166,423 shares of the credit services provider’s stock valued at $10,510,000 after acquiring an additional 6,211 shares during the period. Institutional investors and hedge funds own 95.69% of the company’s stock.
WARNING: This article was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The original version of this article can be accessed at https://www.thecerbatgem.com/2018/01/11/firstcash-fcfs-given-a-75-00-price-target-at-wedbush.html.
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.
Receive News & Stock Ratings for FirstCash Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FirstCash and related stocks with our FREE daily email newsletter.