FirstCash Inc (FCFS) Cut to “Hold” at BidaskClub

BidaskClub downgraded shares of FirstCash Inc (NASDAQ:FCFS) from a buy rating to a hold rating in a report issued on Friday.

Other research analysts have also issued reports about the company. Zacks Investment Research raised FirstCash from a hold rating to a buy rating and set a $66.00 price target on the stock in a research report on Thursday, August 24th. Jefferies Group LLC set a $69.00 price target on FirstCash and gave the company a buy rating in a research report on Friday, August 18th. CL King lowered FirstCash from a strong-buy rating to a buy rating in a research report on Thursday, July 27th. Finally, Stephens upped their target price on FirstCash from $51.00 to $62.00 and gave the stock an equal weight rating in a research report on Wednesday, June 21st. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. FirstCash presently has an average rating of Buy and a consensus target price of $64.00.

Shares of FirstCash (NASDAQ:FCFS) opened at 61.70 on Friday. The stock has a market cap of $2.94 billion, a PE ratio of 33.41 and a beta of 0.90. FirstCash has a 12-month low of $39.80 and a 12-month 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.

FirstCash (NASDAQ:FCFS) last posted its quarterly 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 firm had revenue of $416.60 million for the quarter, compared to analyst estimates of $410.65 million. FirstCash had a return on equity of 4.10% and a net margin of 3.66%. FirstCash’s quarterly revenue was up 128.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.51 earnings per share. Equities research analysts predict that FirstCash will post $2.65 EPS for the current fiscal year.

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A number of hedge funds have recently modified their holdings of the business. Chevy Chase Trust Holdings Inc. increased its position in FirstCash by 0.3% in the 2nd quarter. Chevy Chase Trust Holdings Inc. now owns 4,394 shares of the credit services provider’s stock worth $256,000 after purchasing an additional 12 shares during the last quarter. Ameritas Investment Partners Inc. increased its position in FirstCash by 1.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,160 shares of the credit services provider’s stock worth $242,000 after purchasing an additional 50 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in FirstCash by 0.3% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 32,077 shares of the credit services provider’s stock worth $1,870,000 after purchasing an additional 83 shares during the last quarter. HL Financial Services LLC increased its position in FirstCash by 2.2% in the 2nd quarter. HL Financial Services LLC now owns 4,237 shares of the credit services provider’s stock worth $247,000 after purchasing an additional 91 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its position in FirstCash by 0.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 29,848 shares of the credit services provider’s stock worth $1,740,000 after purchasing an additional 100 shares during 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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