FirstCash, Inc. (NASDAQ:FCFS) Given Consensus Recommendation of “Hold” by Analysts

FirstCash, Inc. (NASDAQ:FCFS) has received a consensus rating of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $94.00.

Several equities analysts recently issued reports on the company. Barclays raised their price target on FirstCash from $95.00 to $105.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 26th. Wedbush raised their price target on FirstCash from $82.00 to $90.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 8th. TheStreet upgraded FirstCash from a “c+” rating to a “b-” rating in a research report on Wednesday, October 20th. Finally, Jefferies Financial Group assumed coverage on FirstCash in a research report on Friday, September 10th. They set a “buy” rating and a $105.00 price target on the stock.

Shares of FirstCash stock opened at $66.44 on Thursday. The company has a current ratio of 3.17, a quick ratio of 2.04 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $2.69 billion, a PE ratio of 21.23 and a beta of 0.77. The business’s 50-day moving average price is $84.57 and its 200-day moving average price is $82.19. FirstCash has a 12 month low of $54.85 and a 12 month high of $97.04.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings data on Tuesday, October 19th. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.81 by $0.03. The firm had revenue of $399.70 million for the quarter, compared to analyst estimates of $406.75 million. FirstCash had a return on equity of 10.27% and a net margin of 8.07%. The company’s revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.59 EPS. As a group, analysts predict that FirstCash will post 3.57 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 30th. Shareholders of record on Monday, November 15th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend is Friday, November 12th. FirstCash’s dividend payout ratio (DPR) is currently 38.34%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC lifted its stake in shares of FirstCash by 10.0% in the 2nd quarter. FMR LLC now owns 5,474,844 shares of the company’s stock valued at $418,498,000 after purchasing an additional 498,259 shares during the period. Cooke & Bieler LP lifted its stake in shares of FirstCash by 2.4% in the 2nd quarter. Cooke & Bieler LP now owns 3,240,370 shares of the company’s stock valued at $247,694,000 after purchasing an additional 76,607 shares during the period. State Street Corp lifted its stake in shares of FirstCash by 1.0% in the 2nd quarter. State Street Corp now owns 1,247,861 shares of the company’s stock valued at $95,386,000 after purchasing an additional 11,813 shares during the period. Bank of America Corp DE raised its stake in FirstCash by 3.7% during the second quarter. Bank of America Corp DE now owns 1,196,064 shares of the company’s stock valued at $91,426,000 after buying an additional 42,509 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in FirstCash by 3.7% during the third quarter. Dimensional Fund Advisors LP now owns 951,924 shares of the company’s stock valued at $83,293,000 after buying an additional 34,250 shares during the last quarter. Institutional investors own 94.51% of the company’s stock.

About FirstCash

FirstCash, Inc operates retail-based pawn stores. It operates through the following segments: U.S. operations and Latin America operations. The U. S. Operations segment includes all pawn and consumer loan operations in the U. S. The Latin America Operations segment consists of all pawn and consumer loan operations in Latin America, which includes operations in Mexico, Guatemala, El Salvador and Colombia.

Read More: How to Trade Using Analysts Ratings

Analyst Recommendations for FirstCash (NASDAQ:FCFS)

Receive News & Ratings for FirstCash Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FirstCash and related companies with MarketBeat.com's FREE daily email newsletter.