BidaskClub upgraded shares of FirstCash Inc (NASDAQ:FCFS) from a sell rating to a hold rating in a research report sent to investors on Friday.

A number of other equities research analysts have also recently weighed in on FCFS. Zacks Investment Research raised FirstCash from a hold rating to a buy rating and set a $67.00 price target on the stock in a report on Wednesday, August 16th. Jefferies Group LLC set a $69.00 price target on FirstCash and gave the company a buy rating in a report on Friday, August 18th. JMP Securities lifted their price target on FirstCash and gave the company an outperform rating in a report on Friday, July 28th. CL King cut FirstCash from a strong-buy rating to a buy rating in a report on Thursday, July 27th. Finally, Janney Montgomery Scott cut FirstCash from a buy rating to a neutral rating and cut their price target for the company from $58.55 to $58.00 in a report on Monday, July 17th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of Buy and a consensus price target of $61.50.

FirstCash (FCFS) opened at 61.50 on Friday. The firm has a market cap of $2.93 billion, a PE ratio of 33.30 and a beta of 0.90. The firm’s 50-day moving average price is $58.89 and its 200 day moving average price is $54.14. FirstCash has a 52-week low of $39.80 and a 52-week high of $61.65.

FirstCash (NASDAQ:FCFS) last released its quarterly earnings results on Thursday, July 27th. The credit services provider reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.05. The company had revenue of $416.60 million for the quarter, compared to analysts’ expectations of $410.65 million. FirstCash had a return on equity of 4.10% and a net margin of 3.66%. The business’s revenue for the quarter was up 128.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 earnings per share. On average, equities analysts anticipate that FirstCash will post $2.66 earnings per share for the current year.

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The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Tuesday, August 15th were paid a dividend of $0.19 per share. The ex-dividend date was Friday, August 11th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.24%. FirstCash’s dividend payout ratio is presently 25.38%.

Several hedge funds and other institutional investors have recently bought and sold shares of FCFS. Bank of New York Mellon Corp increased its stake in shares of FirstCash by 10.3% during the first quarter. Bank of New York Mellon Corp now owns 716,521 shares of the credit services provider’s stock valued at $35,218,000 after acquiring an additional 67,204 shares during the period. Comerica Bank increased its stake in shares of FirstCash by 3.4% during the first quarter. Comerica Bank now owns 53,716 shares of the credit services provider’s stock valued at $2,796,000 after acquiring an additional 1,784 shares during the period. UBS Asset Management Americas Inc. increased its stake in shares of FirstCash by 37.0% during the first quarter. UBS Asset Management Americas Inc. now owns 28,902 shares of the credit services provider’s stock valued at $1,421,000 after acquiring an additional 7,810 shares during the period. Karp Capital Management Corp acquired a new position in shares of FirstCash during the first quarter valued at approximately $569,000. Finally, Ameriprise Financial Inc. increased its stake in shares of FirstCash by 3.5% during the first quarter. Ameriprise Financial Inc. now owns 441,361 shares of the credit services provider’s stock valued at $21,692,000 after acquiring an additional 14,965 shares during the period.

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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