BidaskClub Downgrades FirstCash Inc (FCFS) to Sell
FirstCash Inc (NASDAQ:FCFS) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Friday.
A number of other equities analysts have also issued reports on FCFS. Jefferies Group LLC reiterated a “buy” rating and issued a $73.00 target price on shares of FirstCash in a research report on Thursday. Zacks Investment Research upgraded shares of FirstCash from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a research report on Wednesday, August 16th. Credit Suisse Group initiated coverage on shares of FirstCash in a research report on Wednesday, October 4th. They set an “outperform” rating and a $73.00 price objective for the company. Wedbush raised their price objective on shares of FirstCash from $62.00 to $66.00 and gave the company an “outperform” rating in a research report on Thursday, October 5th. Finally, JMP Securities raised their price objective on shares of FirstCash and gave the company an “outperform” rating in a research report on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $64.57.
FirstCash (FCFS) opened at 60.85 on Friday. FirstCash has a 12 month low of $39.80 and a 12 month high of $63.60. The firm has a market cap of $2.90 billion, a PE ratio of 32.95 and a beta of 0.90. The firm’s 50-day moving average is $60.48 and its 200-day moving average is $56.34.
FirstCash (NASDAQ:FCFS) last announced its earnings results on Thursday, July 27th. The credit services provider reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.05. The firm had revenue of $416.60 million during 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%. FirstCash’s revenue was up 128.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.51 EPS. Equities analysts expect that FirstCash will post $2.65 earnings per share for the current year.
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Large investors have recently bought and sold shares of the company. Ameritas Investment Partners Inc. bought a new position in shares of FirstCash during the 1st quarter valued at about $202,000. BlueCrest Capital Management Ltd bought a new position in shares of FirstCash during the 1st quarter valued at about $202,000. AlphaOne Investment Services LLC acquired a new position in shares of FirstCash in the second quarter worth about $207,000. Riverhead Capital Management LLC boosted its holdings in shares of FirstCash by 74.4% in the second quarter. Riverhead Capital Management LLC now owns 3,663 shares of the credit services provider’s stock worth $214,000 after buying an additional 1,563 shares during the period. Finally, Strs Ohio boosted its holdings in shares of FirstCash by 100.0% in the second quarter. Strs Ohio now owns 3,800 shares of the credit services provider’s stock worth $221,000 after buying an additional 1,900 shares during the period.
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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