FirstCash (FCFS) Rating Increased to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of FirstCash (NYSE:FCFS) from a hold rating to a buy rating in a research report sent to investors on Friday. Zacks Investment Research currently has $79.00 price target on the credit services provider’s stock.

According to Zacks, “FirstCash Inc. is an operator of pawn stores. The company focuses on serving cash and credit constrained consumers through its retail pawn locations, which buy and sell jewelry, consumer electronics, power tools, household appliances, sporting goods, musical instruments and other merchandise. It operates primarily in the U.S., Mexico, Guatemala and El Salvador. FirstCash, Inc., formerly known as First Cash Financial Services Inc., is based in Arlington, United States. “

FCFS has been the topic of several other research reports. BidaskClub upgraded shares of FirstCash from a sell rating to a hold rating in a research note on Friday, October 27th. Credit Suisse Group started coverage on shares of FirstCash in a research note on Wednesday, October 4th. They set an outperform rating and a $73.00 price target on the stock. Jefferies Group reiterated a buy rating and set a $73.00 price target on shares of FirstCash in a research note on Thursday, October 12th. ValuEngine cut shares of FirstCash from a buy rating to a hold rating in a research note on Friday, December 1st. Finally, Wedbush lifted their price target on shares of FirstCash from $62.00 to $66.00 and gave the stock an outperform rating in a research note on Thursday, October 5th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $67.43.

Shares of FirstCash (NYSE:FCFS) traded down $0.05 during mid-day trading on Friday, reaching $70.45. 162,195 shares of the company traded hands, compared to its average volume of 255,394. FirstCash has a 52 week low of $39.80 and a 52 week high of $70.90. The company has a quick ratio of 4.30, a current ratio of 6.57 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $3,320.00 and a PE ratio of 30.24.

FirstCash (NYSE:FCFS) last issued its earnings results on Thursday, October 26th. The credit services provider reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.01. FirstCash had a net margin of 6.41% and a return on equity of 8.45%. The company had revenue of $435.40 million for the quarter, compared to analysts’ expectations of $418.57 million. During the same quarter last year, the company posted $0.58 earnings per share. The firm’s quarterly revenue was up 66.7% on a year-over-year basis. analysts predict that FirstCash will post 2.65 EPS for the current year.

Institutional investors have recently modified their holdings of the company. Grandeur Peak Global Advisors LLC purchased a new position in shares of FirstCash during the 3rd quarter worth $54,801,000. Cornerstone Capital Management Holdings LLC. purchased a new position in shares of FirstCash during the 3rd quarter worth $1,736,000. Insight Capital Research & Management Inc. purchased a new position in shares of FirstCash during the 3rd quarter worth $913,000. Earnest Partners LLC boosted its stake in shares of FirstCash by 1.6% during the 3rd quarter. Earnest Partners LLC now owns 1,474,115 shares of the credit services provider’s stock worth $93,090,000 after acquiring an additional 22,690 shares during the last quarter. Finally, California Public Employees Retirement System boosted its stake in shares of FirstCash by 3.9% during the 3rd quarter. California Public Employees Retirement System now owns 166,423 shares of the credit services provider’s stock worth $10,510,000 after acquiring an additional 6,211 shares during the last quarter. Institutional investors and hedge funds own 95.69% of the company’s stock.

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FirstCash 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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