JMP Securities upgraded FirstCash Inc (NASDAQ:FCFS) to Outperform in a report released today.
- Updated: October 15, 2016
JMP Securities has upgraded FirstCash Inc (NASDAQ:FCFS) to Outperform in a report released on 10/13/2016.
Previously on 10/10/2016, Wedbush released a statement about FirstCash Inc (NASDAQ:FCFS) increased the target price from $0.00 to $58.00. At the time, this indicated a possible upside of 0.20%.
Just yesterday FirstCash Inc (NASDAQ:FCFS) traded -1.73% lower at $47.38. FirstCash Inc’s 50-day moving average is $48.24 and its 200-day moving average is $48.24. The last stock price is down -3.48% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 169,591 shares of FCFS traded hands, down from an average trading volume of 229,617
Recent Performance Chart
FirstCash Inc has 52 week low of $29.64 and a 52 week high of $53.95 with a PE ratio of 23.76 and has a market capitalization of $0.
In addition to JMP Securities reporting its stock price target, a total of 6 brokerages have issued a ratings update on the company. The average stock price target is $50.83 with 1 brokerage rating the stock a strong buy, 0 brokerages rating the stock a buy, 6 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On FirstCash Inc (NASDAQ:FCFS)
FirstCash, Inc., formerly First Cash Financial Services, Inc., is an operator of retail-based 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. Its 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 customers meet their short-term cash needs. In addition, some of its 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.
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