FirstCash Inc (FCFS) Receives New Coverage from Analysts at Credit Suisse Group

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.

Analyst Recommendations for FirstCash (NASDAQ:FCFS)

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