Analysts Set FirstCash Inc (NYSE:FCFS) Price Target at $105.00
Shares of FirstCash Inc (NYSE:FCFS) have been assigned a consensus rating of “Hold” from the six analysts that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $105.00.
A number of brokerages recently issued reports on FCFS. Jefferies Financial Group set a €110.00 ($127.91) price target on Airbus and gave the company a “buy” rating in a report on Friday, June 14th. JMP Securities reduced their price target on Tesla from $374.00 to $369.00 and set a “market outperform” rating on the stock in a report on Thursday, April 25th. Barclays restated a “hold” rating and set a $23.00 price target on shares of Cypress Semiconductor in a report on Thursday, June 6th. Finally, Zacks Investment Research upgraded DLH from a “sell” rating to a “hold” rating in a report on Tuesday, July 9th.
In related news, CFO R Douglas Orr sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $96.94, for a total value of $727,050.00. Following the transaction, the chief financial officer now directly owns 142,500 shares of the company’s stock, valued at approximately $13,813,950. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.83% of the company’s stock.
FCFS stock traded up $1.61 during mid-day trading on Tuesday, hitting $103.08. 169,446 shares of the stock were exchanged, compared to its average volume of 206,222. FirstCash has a 12 month low of $66.28 and a 12 month high of $104.05. The firm’s fifty day simple moving average is $98.59.
FirstCash (NYSE:FCFS) last released its earnings results on Wednesday, April 24th. The credit services provider reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.08. The company had revenue of $467.60 million during the quarter, compared to the consensus estimate of $453.90 million. During the same period last year, the firm posted $0.90 EPS. The company’s revenue was up 4.0% on a year-over-year basis.
FirstCash, Inc operates retail-based pawn and consumer finance stores in the United States and Mexico. Its pawn stores lend money on the collateral of pledged personal property, including consumer electronics, jewelry, power tools, household appliances, sporting goods, and musical instruments; and retails previously owned merchandise acquired through pawn forfeitures, as well as through purchases from the general public.
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