Rating Action: FirstCash (NASDAQ:FCFS) Investors: Wedbush Maintains “Outperform” Rating, Sees $55/Share

November 30, 2016 - By olga

Rating Action: FirstCash (NASDAQ:FCFS) Investors: Wedbush Maintains

FirstCash (NASDAQ:FCFS) Rating

They currently have a $55 PT on FirstCash (NASDAQ:FCFS). Wedbush’s target would suggest a potential upside of 14.82% from the company’s current price. This was revealed in a report on Wednesday, 30 November.

FirstCash Inc (NYSE:FCFS) Ratings Coverage

Out of 9 analysts covering First Cash Financial (NASDAQ:FCFS), 6 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 67% are positive. $60 is the highest target while $40 is the lowest. The $48.67 average target is 1.61% above today’s ($47.9) stock price. First Cash Financial has been the topic of 15 analyst reports since July 20, 2015 according to StockzIntelligence Inc. The company was upgraded on Friday, June 3 by Sterne Agee CRT. The rating was downgraded by JMP Securities on Wednesday, August 26 to “Market Perform”. As per Tuesday, October 6, the company rating was maintained by Wood. The rating was maintained by Jefferies on Thursday, April 7 with “Hold”. As per Thursday, October 13, the company rating was upgraded by JMP Securities. The stock has “Buy” rating given by Bank of America on Wednesday, October 21. The firm has “Buy” rating by Sterne Agee CRT given on Thursday, January 7. Jefferies reinitiated FirstCash Inc (NYSE:FCFS) rating on Friday, September 2. Jefferies has “Buy” rating and $60 price target. The firm has “Buy” rating given on Monday, October 3 by Janney Capital. Wedbush initiated it with “Outperform” rating and $58 target price in Tuesday, October 11 report.

The stock increased 1.05% or $0.5 during the last trading session, hitting $47.9. FirstCash Inc (NASDAQ:FCFS) has declined 1.62% since April 27, 2016 and is downtrending. It has underperformed by 6.85% the S&P500.

Analysts await FirstCash Inc (NYSE:FCFS) to report earnings on January, 26. They expect $0.77 EPS, up 5.48% or $0.04 from last year’s $0.73 per share. FCFS’s profit will be $36.97 million for 15.55 P/E if the $0.77 EPS becomes a reality. After $0.58 actual EPS reported by FirstCash Inc for the previous quarter, Wall Street now forecasts 32.76% EPS growth.

Insitutional Activity: The institutional sentiment decreased to 0.08 in Q2 2016. Its down 1.29, from 1.37 in 2016Q1. The ratio dropped, as 13 funds sold all FirstCash Inc shares owned while 36 reduced positions. 16 funds bought stakes while 51 increased positions. They now own 23.29 million shares or 0.86% less from 23.49 million shares in 2016Q1.

Vanguard Gp holds 0.01% or 2.15M shares in its portfolio. Geode Capital Mngmt Limited Liability Company owns 202,725 shares or 0.01% of their US portfolio. California Employees Retirement Systems holds 0.01% or 135,500 shares in its portfolio. Quantbot Technology Limited Partnership accumulated 1,725 shares or 0.01% of the stock. Proshare Advsrs Ltd Com accumulated 0% or 3,997 shares. Alliancebernstein Lp last reported 47,396 shares in the company. Blackrock Fund Advsr holds 0.02% of its portfolio in FirstCash Inc (NYSE:FCFS) for 1.83 million shares. Moreover, Northern has 0.01% invested in FirstCash Inc (NYSE:FCFS) for 396,351 shares. Parametric Portfolio Assocs Llc accumulated 0% or 52,783 shares. Archon Ltd Liability Company last reported 68,500 shares in the company. Blackrock Inv Mgmt Ltd Llc, a New Jersey-based fund reported 115,192 shares. Comml Bank Of America De has 144,116 shares for 0% of their US portfolio. Tfs Limited Liability Corporation accumulated 16,392 shares or 0.15% of the stock. Royal State Bank Of Canada accumulated 625,689 shares or 0.02% of the stock. Moreover, Price T Rowe Associates Md has 0% invested in FirstCash Inc (NYSE:FCFS) for 10,170 shares.

FirstCash, Inc., formerly First Cash Financial Services, Inc., is an operator of retail pawn stores in the United States and Mexico. The company has a market cap of $2.30 billion. The Company’s primary business is the operation of pawn stores, which make small pawn loans secured by personal property. It has a 31.29 P/E ratio. The Company’s pawn stores generate retail sales from the merchandise acquired through collateral forfeitures and over-the-counter purchases from customers.

According to Zacks Investment Research, “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 Company Profile

FirstCash, Inc., formerly First Cash Financial Services, Inc., incorporated on April 24, 1991, is an operator of retail pawn stores in the United States and Mexico. The Company’s primary business is the operation of pawn stores, which make small pawn loans secured by personal property. The Company’s pawn stores generate retail sales from the merchandise acquired through collateral forfeitures and over-the-counter purchases from customers. The Company’s pawn stores are a source for small consumer loans to help clients meet their short-term cash needs. In addition, some of the Company’s pawn stores offer small consumer loans or credit services products. As of December 31, 2015, the Company had 1,075 locations, consisting of 338 stores across 14 states of the United States, 705 stores across 29 states in Mexico and 32 stores in Guatemala. It operates a number of standalone consumer finance stores in Texas and Mexico, which provide consumer financial services products, including credit services and small unsecured consumer loans.

More recent FirstCash Inc (NYSE:FCFS) news were published by: Globenewswire.com which released: “First Cash Financial Services, Inc. Announces Transfer to NYSE” on August 19, 2016. Also Bloomberg.com published the news titled: “First Cash to Buy Cash America for $994 Million in Pawn Deal” on April 28, 2016. Nasdaq.com‘s news article titled: “First Cash, Inc. (FCFS) Ex-Dividend Date Scheduled for November 09, 2016” with publication date: November 08, 2016 was also an interesting one.

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