Credit Suisse Group initiated coverage on shares of FirstCash Inc (NASDAQ:FCFS) in a research report sent to investors on Wednesday. The firm issued an outperform rating and a $73.00 price target on the credit services provider’s stock.

Several other research firms have also recently weighed in on FCFS. BidaskClub upgraded shares of FirstCash from a hold rating to a buy rating in a report on Thursday, September 28th. Zacks Investment Research cut shares of FirstCash from a buy rating to a hold rating in a report on Wednesday, September 27th. Jefferies Group LLC set a $69.00 price target on shares of FirstCash and gave the company a buy rating in a report on Friday, August 18th. Finally, JMP Securities lifted their price target on shares of FirstCash and gave the company an outperform rating in a report on Friday, July 28th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of Buy and an average target price of $64.00.

FirstCash (NASDAQ FCFS) traded down 1.43% on Wednesday, hitting $61.95. 206,243 shares of the company were exchanged. The company has a market capitalization of $2.96 billion, a price-to-earnings ratio of 33.54 and a beta of 0.90. The stock has a 50 day moving average of $60.09 and a 200 day moving average of $55.52. FirstCash has a 52 week low of $39.80 and a 52 week high of $63.60.

FirstCash (NASDAQ:FCFS) last released its quarterly earnings results on Thursday, July 27th. The credit services provider reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.05. The business had revenue of $416.60 million for the quarter, compared to analysts’ expectations of $410.65 million. FirstCash had a net margin of 3.66% and a return on equity of 4.10%. The firm’s revenue for the quarter was up 128.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.51 earnings per share. Analysts predict that FirstCash will post $2.66 EPS for the current fiscal year.

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Several hedge funds have recently made changes to their positions in the company. Chevy Chase Trust Holdings Inc. boosted its holdings in shares of FirstCash by 0.3% during the 2nd quarter. Chevy Chase Trust Holdings Inc. now owns 4,394 shares of the credit services provider’s stock valued at $256,000 after buying an additional 12 shares in the last quarter. Ameritas Investment Partners Inc. boosted its holdings in shares of FirstCash by 1.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,160 shares of the credit services provider’s stock valued at $242,000 after buying an additional 50 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of FirstCash by 0.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 32,077 shares of the credit services provider’s stock valued at $1,870,000 after buying an additional 83 shares in the last quarter. HL Financial Services LLC boosted its holdings in shares of FirstCash by 2.2% during the 2nd quarter. HL Financial Services LLC now owns 4,237 shares of the credit services provider’s stock valued at $247,000 after buying an additional 91 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of FirstCash by 0.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 29,848 shares of the credit services provider’s stock valued at $1,740,000 after buying an additional 100 shares in the last quarter.

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.

Analyst Recommendations for FirstCash (NASDAQ:FCFS)

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