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.

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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