Trading Report: Today, First Cash Financial Services Inc. (FCFS) Stock Rating Upgraded by JMP Securities

Today, First Cash Financial Services Inc. (FCFS) Stock Rating Upgraded by JMP Securities

First Cash Financial Services Inc. (NASDAQ:FCFS) was upgraded by analysts at JMP Securities from a “market perform” rating to an “outperform” rating in a research report issued on Thursday. The firm currently has a $57.00 price target on the stock. JMP Securities’ price objective indicates a potential upside of 22.42% from the stock’s previous close.

Other equities analysts have also issued reports about the company. Zacks Investment Research raised First Cash Financial Services from a “strong sell” rating to a “hold” rating in a report on Monday, July 18th. TheStreet upgraded First Cash Financial Services from a “hold” rating to a “buy” rating in a research report on Thursday, July 28th. JPMorgan Chase & Co. dropped their target price on First Cash Financial Services from $50.00 to $48.00 and set a “neutral” rating on the stock in a research report on Thursday, September 8th. Wedbush assumed coverage on First Cash Financial Services in a research report on Monday, October 10th. They set an “outperform” rating and a $58.00 target price on the stock. Finally, Jefferies Group restated 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. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $51.90.

Shares of First Cash Financial Services (NASDAQ:FCFS) opened at 46.56 on Thursday. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 23.76 and a beta of 0.90. The company’s 50-day moving average price is $48.24 and its 200-day moving average price is $48.24. First Cash Financial Services has a 12 month low of $29.64 and a 12 month high of $53.95.

First Cash Financial Services (NASDAQ:FCFS) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.04. The firm had revenue of $181.98 million for the quarter, compared to the consensus estimate of $178.75 million. During the same period last year, the company posted $0.51 earnings per share. First Cash Financial Services’s revenue for the quarter was up 8.6% on a year-over-year basis. Analysts anticipate that First Cash Financial Services will post $2.26 EPS for the current year.

Several large investors have recently modified their holdings of the company. Aperio Group LLC acquired a new stake in shares of First Cash Financial Services during the first quarter worth about $294,000. BlackRock Fund Advisors increased its stake in shares of First Cash Financial Services by 1.4% in the first quarter. BlackRock Fund Advisors now owns 1,789,048 shares of the company’s stock worth $82,404,000 after buying an additional 24,828 shares during the period. BlackRock Group LTD increased its stake in shares of First Cash Financial Services by 7.1% in the first quarter. BlackRock Group LTD now owns 37,689 shares of the company’s stock worth $1,736,000 after buying an additional 2,506 shares during the period. JPMorgan Chase & Co. increased its stake in shares of First Cash Financial Services by 2.7% in the first quarter. JPMorgan Chase & Co. now owns 970,602 shares of the company’s stock worth $44,706,000 after buying an additional 25,623 shares during the period. Finally, BlackRock Advisors LLC increased its stake in shares of First Cash Financial Services by 1,481.0% in the second quarter. BlackRock Advisors LLC now owns 209,331 shares of the company’s stock worth $10,745,000 after buying an additional 196,091 shares during the period.

About First Cash Financial Services

Related posts

Leave a Comment