FirstCash Inc (FCFS) Downgraded by BidaskClub to Hold
BidaskClub lowered shares of FirstCash Inc (NASDAQ:FCFS) from a buy rating to a hold rating in a research report report published on Friday morning.
A number of other brokerages also recently weighed in on FCFS. Credit Suisse Group began coverage on shares of FirstCash in a research report on Wednesday. They issued an outperform rating and a $73.00 price target on the stock. Wedbush increased their price target on shares of FirstCash from $62.00 to $66.00 and gave the company an outperform rating in a research report on Thursday. Zacks Investment Research downgraded shares of FirstCash from a buy rating to a hold rating in a research report on Wednesday, September 27th. Jefferies Group LLC set a $69.00 price target on shares of FirstCash and gave the company a buy rating in a research report on Friday, August 18th. Finally, JMP Securities increased their price target on shares of FirstCash and gave the company an outperform rating in a research report on Friday, July 28th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $64.00.
FirstCash (NASDAQ:FCFS) traded down 0.40% during mid-day trading on Friday, hitting $61.70. 155,748 shares of the company were exchanged. The stock has a market cap of $2.94 billion, a P/E ratio of 33.41 and a beta of 0.90. The company has a 50 day moving average of $60.17 and a 200 day moving average of $55.68. FirstCash has a 12-month low of $39.80 and a 12-month high of $63.60.
FirstCash (NASDAQ:FCFS) last announced its quarterly earnings results on Thursday, July 27th. The credit services provider reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.05. The business had revenue of $416.60 million for the quarter, compared to the consensus estimate of $410.65 million. FirstCash had a net margin of 3.66% and a return on equity of 4.10%. FirstCash’s revenue for the quarter was up 128.9% on a year-over-year basis. During the same period last year, the company posted $0.51 EPS. On average, equities research analysts expect that FirstCash will post $2.65 earnings per share for the current fiscal year.
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A number of hedge funds and other institutional investors have recently bought and sold shares of FCFS. UBS Asset Management Americas Inc. increased its stake in 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 worth $1,421,000 after purchasing an additional 7,810 shares in the last quarter. Karp Capital Management Corp bought a new stake in FirstCash during the 1st quarter worth approximately $569,000. Parametric Portfolio Associates LLC increased its stake in FirstCash by 7.4% during the 1st quarter. Parametric Portfolio Associates LLC now owns 181,221 shares of the credit services provider’s stock worth $8,907,000 after purchasing an additional 12,501 shares in the last quarter. Ameritas Investment Partners Inc. bought a new stake in FirstCash during the 1st quarter worth approximately $202,000. Finally, Mason Street Advisors LLC increased its stake in FirstCash by 6.5% during the 1st quarter. Mason Street Advisors LLC now owns 11,292 shares of the credit services provider’s stock worth $555,000 after purchasing an additional 692 shares in the last quarter.
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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