First Cash (FCFS) Downgraded to Hold at ValuEngine
First Cash (NYSE:FCFS) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a report released on Friday.
Other analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of First Cash from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a research report on Wednesday, August 16th. Jefferies Group reissued a “buy” rating and set a $73.00 target price on shares of First Cash in a research report on Thursday, October 12th. BidaskClub raised shares of First Cash from a “sell” rating to a “hold” rating in a research report on Friday, October 27th. Finally, Credit Suisse Group began coverage on shares of First Cash in a research report on Wednesday, October 4th. They set an “outperform” rating and a $73.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $65.14.
Shares of First Cash (FCFS) opened at $66.60 on Friday. The firm has a market cap of $3,149.71, a P/E ratio of 25.87 and a beta of 0.76. First Cash has a 12-month low of $39.80 and a 12-month high of $67.55. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.30 and a current ratio of 6.57.
First Cash (NYSE:FCFS) last released its earnings results on Thursday, October 26th. The credit services provider reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.01. The company had revenue of $435.40 million for the quarter, compared to the consensus estimate of $418.57 million. First Cash had a net margin of 6.41% and a return on equity of 8.45%. First Cash’s revenue was up 66.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.58 EPS. equities analysts expect that First Cash will post 2.65 earnings per share for the current year.
Several hedge funds have recently added to or reduced their stakes in the company. Zions Bancorporation purchased a new stake in shares of First Cash in the 3rd quarter valued at $230,000. California Public Employees Retirement System boosted its holdings in shares of First Cash by 3.9% in the 3rd quarter. California Public Employees Retirement System now owns 166,423 shares of the credit services provider’s stock valued at $10,510,000 after acquiring an additional 6,211 shares during the last quarter. Insight Capital Research & Management Inc. purchased a new stake in shares of First Cash in the 3rd quarter valued at $913,000. Earnest Partners LLC boosted its holdings in shares of First Cash by 1.6% in the 3rd quarter. Earnest Partners LLC now owns 1,474,115 shares of the credit services provider’s stock valued at $93,090,000 after acquiring an additional 22,690 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of First Cash in the 3rd quarter valued at $1,736,000. 95.75% of the stock is currently owned by institutional investors and hedge funds.
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First Cash 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.
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