Credit Suisse Group assumed coverage on shares of FirstCash Inc (NASDAQ:FCFS) in a report issued on Wednesday morning, Marketbeat.com reports. The firm issued an outperform rating and a $73.00 price objective on the credit services provider’s stock.
FCFS has been the subject of several other research reports. Zacks Investment Research raised shares of FirstCash from a hold rating to a buy rating and set a $66.00 price objective for the company in a report on Thursday, August 24th. Stephens increased their price target on shares of FirstCash from $51.00 to $62.00 and gave the company an equal weight rating in a report on Wednesday, June 21st. JMP Securities increased their price target on shares of FirstCash and gave the company an outperform rating in a report on Friday, July 28th. Jefferies Group LLC set a $69.00 price target on shares of FirstCash and gave the company a buy rating in a report on Friday, August 18th. Finally, BidaskClub downgraded shares of FirstCash from a hold rating to a sell rating in a report on Thursday, September 14th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of Buy and an average price target of $64.00.
FirstCash (NASDAQ FCFS) traded down 0.40% during midday trading on Wednesday, reaching $61.70. The company’s stock had a trading volume of 155,748 shares. FirstCash has a one year low of $39.80 and a one year high of $63.60. The firm has a 50 day moving average price of $60.17 and a 200 day moving average price of $55.68. The firm has a market cap of $2.94 billion, a P/E ratio of 33.41 and a beta of 0.90.
FirstCash (NASDAQ:FCFS) last released its quarterly earnings data on Thursday, July 27th. The credit services provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.47 by $0.05. FirstCash had a net margin of 3.66% and a return on equity of 4.10%. The business had revenue of $416.60 million during the quarter, compared to the consensus estimate of $410.65 million. During the same quarter in the prior year, the firm earned $0.51 EPS. The business’s revenue was up 128.9% on a year-over-year basis. Equities research analysts forecast that FirstCash will post $2.65 EPS for the current fiscal year.
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Several large investors have recently made changes to their positions in the stock. BlackRock Inc. lifted its holdings in shares of FirstCash by 1.0% in the 2nd quarter. BlackRock Inc. now owns 5,957,256 shares of the credit services provider’s stock valued at $347,308,000 after acquiring an additional 58,403 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of FirstCash by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 4,199,210 shares of the credit services provider’s stock valued at $244,815,000 after acquiring an additional 51,576 shares during the last quarter. William Blair Investment Management LLC lifted its holdings in shares of FirstCash by 5.0% in the 2nd quarter. William Blair Investment Management LLC now owns 1,887,660 shares of the credit services provider’s stock valued at $110,051,000 after acquiring an additional 90,041 shares during the last quarter. FMR LLC lifted its holdings in shares of FirstCash by 14.4% in the 1st quarter. FMR LLC now owns 1,710,218 shares of the credit services provider’s stock valued at $84,057,000 after acquiring an additional 215,693 shares during the last quarter. Finally, Earnest Partners LLC lifted its holdings in shares of FirstCash by 1.5% in the 2nd quarter. Earnest Partners LLC now owns 1,451,425 shares of the credit services provider’s stock valued at $84,618,000 after acquiring an additional 21,038 shares during the last quarter.
FirstCash Company Profile
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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