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.

About FirstCash

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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