Todays Report: The First Cash Financial Services Inc. (FCFS) Research Coverage Started at Wedbush

The First Cash Financial Services Inc. (FCFS) Research Coverage Started at Wedbush

Wedbush began coverage on shares of First Cash Financial Services Inc. (NASDAQ:FCFS) in a report published on Monday morning. The brokerage issued an outperform rating and a $58.00 price objective on the stock.

Several other research firms have also recently issued reports on FCFS. Jefferies Group reiterated a buy rating and set a $60.00 target price on shares of First Cash Financial Services in a research report on Thursday, September 22nd. Zacks Investment Research upgraded First Cash Financial Services from a strong sell rating to a hold rating in a research report on Monday, July 18th. Janney Montgomery Scott upgraded First Cash Financial Services from a neutral rating to a buy rating and increased their target price for the stock from $52.00 to $59.00 in a research report on Monday, October 3rd. JPMorgan Chase & Co. cut their target price on First Cash Financial Services from $50.00 to $48.00 and set a neutral rating for the company in a research report on Thursday, September 8th. Finally, TheStreet raised First Cash Financial Services from a hold rating to a buy rating in a research note on Thursday, July 28th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. First Cash Financial Services presently has a consensus rating of Buy and an average price target of $51.33.

First Cash Financial Services (NASDAQ:FCFS) opened at 47.38 on Monday. First Cash Financial Services has a 52 week low of $29.64 and a 52 week high of $53.95. The firm has a 50-day moving average price of $48.50 and a 200-day moving average price of $48.24. The stock has a market capitalization of $1.34 billion, a PE ratio of 24.17 and a beta of 0.90.

First Cash Financial Services (NASDAQ:FCFS) last released its earnings results on Thursday, July 28th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.04. The business had revenue of $181.98 million for the quarter, compared to analysts’ expectations of $178.75 million. During the same quarter in the prior year, the business posted $0.51 EPS. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. Equities research analysts predict that First Cash Financial Services will post $2.26 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in First Cash Financial Services by 12.6% in the second quarter. BlackRock Inc. now owns 2,281 shares of the company’s stock valued at $117,000 after buying an additional 255 shares during the last quarter. PineBridge Investments L.P. raised its stake in First Cash Financial Services by 3.8% in the second quarter. PineBridge Investments L.P. now owns 3,582 shares of the company’s stock valued at $184,000 after buying an additional 130 shares during the last quarter. Teacher Retirement System of Texas raised its stake in First Cash Financial Services by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 3,889 shares of the company’s stock valued at $200,000 after buying an additional 469 shares during the last quarter. ProShare Advisors LLC bought a new stake in First Cash Financial Services during the second quarter valued at about $205,000. Finally, Pacad Investment Ltd. bought a new stake in First Cash Financial Services during the first quarter valued at about $244,000.

First Cash Financial Services Company Profile

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