FirstCash (FCFS) Given a $75.00 Price Target at Wedbush
FirstCash (NYSE:FCFS) has been assigned a $75.00 target price by analysts at Wedbush in a report released on Monday. The brokerage currently has a “buy” rating on the credit services provider’s stock. Wedbush’s price target points to a potential upside of 9.33% from the company’s current price. The analysts noted that the move was a valuation call.
A number of other research firms also recently weighed in on FCFS. BidaskClub downgraded shares of FirstCash from a “buy” rating to a “hold” rating in a report on Friday, October 6th. Zacks Investment Research downgraded shares of FirstCash from a “buy” rating to a “hold” rating in a report on Friday. Finally, Jefferies Group restated a “buy” rating and issued a $73.00 target price on shares of FirstCash in a report on Thursday, October 12th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $67.00.
Shares of FirstCash (NYSE FCFS) opened at $68.60 on Monday. FirstCash has a fifty-two week low of $39.80 and a fifty-two week high of $70.25. The company has a quick ratio of 4.30, a current ratio of 6.57 and a debt-to-equity ratio of 0.20. The firm has a market cap of $3,237.01, a PE ratio of 29.32 and a beta of 0.79.
FirstCash (NYSE:FCFS) last posted its earnings results on Thursday, October 26th. The credit services provider reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. FirstCash had a net margin of 6.41% and a return on equity of 8.45%. The firm had revenue of $435.40 million for the quarter, compared to the consensus estimate of $418.57 million. During the same period in the previous year, the firm posted $0.58 EPS. The business’s quarterly revenue was up 66.7% on a year-over-year basis. research analysts anticipate that FirstCash will post 2.65 earnings per share for the current year.
Several hedge funds have recently added to or reduced their stakes in the stock. Insight Capital Research & Management Inc. purchased a new position in shares of FirstCash during the 3rd quarter worth about $913,000. California Public Employees Retirement System boosted its stake in shares of 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 worth $10,510,000 after purchasing an additional 6,211 shares during the period. Zions Bancorporation purchased a new position in shares of FirstCash during the 3rd quarter worth about $230,000. Earnest Partners LLC boosted its stake in shares of FirstCash by 1.6% during the 3rd quarter. Earnest Partners LLC now owns 1,474,115 shares of the credit services provider’s stock worth $93,090,000 after purchasing an additional 22,690 shares during the period. Finally, Grandeur Peak Global Advisors LLC purchased a new position in shares of FirstCash during the 3rd quarter worth about $54,801,000. 95.69% of the stock is owned by hedge funds and other institutional investors.
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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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