FirstCash Inc (FCFS) Now Covered by Analysts at Credit Suisse Group
Research analysts at Credit Suisse Group began coverage on shares of FirstCash Inc (NASDAQ:FCFS) in a research note issued on Wednesday. The brokerage set an “outperform” rating and a $73.00 price target on the credit services provider’s stock. Credit Suisse Group’s price objective would indicate a potential upside of 15.87% from the company’s current price.
Several other equities research analysts also recently commented on the stock. Zacks Investment Research upgraded shares of FirstCash from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a research note on Wednesday, August 16th. Janney Montgomery Scott lowered shares of FirstCash from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $58.55 to $58.00 in a report on Monday, July 17th. BidaskClub upgraded shares of FirstCash from a “hold” rating to a “buy” rating in a research report on Thursday, September 28th. Finally, CL King cut shares of FirstCash from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 27th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. FirstCash has an average rating of “Buy” and an average price target of $63.14.
Shares of FirstCash (FCFS) opened at 63.00 on Wednesday. The firm’s 50-day moving average price is $60.01 and its 200 day moving average price is $55.47. The firm has a market cap of $3.01 billion, a PE ratio of 34.11 and a beta of 0.90. FirstCash has a 52 week low of $39.80 and a 52 week high of $63.60.
FirstCash (NASDAQ:FCFS) last issued its earnings results on Thursday, July 27th. The credit services provider reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.05. The business had revenue of $416.60 million for the quarter, compared to analyst estimates of $410.65 million. FirstCash had a net margin of 3.66% and a return on equity of 4.10%. The firm’s revenue was up 128.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.51 EPS. Equities analysts anticipate that FirstCash will post $2.66 EPS for the current year.
ILLEGAL ACTIVITY WARNING: “FirstCash Inc (FCFS) Now Covered by Analysts at Credit Suisse Group” was published by Watch List News and is the property of of Watch List News. If you are reading this news story on another publication, it was illegally copied and republished in violation of United States & international copyright law. The legal version of this news story can be viewed at https://www.watchlistnews.com/firstcash-inc-fcfs-now-covered-by-analysts-at-credit-suisse-group/1607166.html.
Several large investors have recently made changes to their positions in FCFS. Piedmont Investment Advisors LLC bought a new position in shares of FirstCash in the second quarter valued at about $609,000. Sterling Capital Management LLC lifted its position in FirstCash by 56.4% during the 2nd quarter. Sterling Capital Management LLC now owns 28,057 shares of the credit services provider’s stock worth $1,636,000 after buying an additional 10,115 shares in the last quarter. Ameritas Investment Partners Inc. lifted its position in FirstCash by 1.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,160 shares of the credit services provider’s stock worth $242,000 after buying an additional 50 shares in the last quarter. Earnest Partners LLC lifted its position in FirstCash by 1.5% during the 2nd quarter. Earnest Partners LLC now owns 1,451,425 shares of the credit services provider’s stock worth $84,618,000 after buying an additional 21,038 shares in the last quarter. Finally, State Street Corp lifted its position in FirstCash by 2.9% during the 2nd quarter. State Street Corp now owns 1,148,454 shares of the credit services provider’s stock worth $66,961,000 after buying an additional 32,239 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.
Receive News & Ratings for FirstCash Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FirstCash Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.