Investment analysts at FBR Capital (NASDAQ: FBCM) cut their price target on shares of First Cash Financial Services (NASDAQ: FCFS) from $58.00 to $50.00 in a note issued to investors on Thursday. They currently have an “outperform” rating on the company’s shares.
Separately, analysts at Jefferies Group (NYSE: JEF) upgraded shares of First Cash Financial Services from a “hold” rating to a “buy” rating in a research note to investors on Thursday, January 5th. Analysts at Wells Fargo & Co. (NYSE: WFC) initiated coverage on shares of First Cash Financial Services in a research note to investors on Friday, December 16th. They set a “market perform” rating on the stock. Also, analysts at Sterne Agee upgraded shares of First Cash Financial Services from an “underperform” rating to a “neutral” rating in a research note to investors on Friday, December 16th. They now have a $36.00 price target on the stock.
First Cash Financial Services, Inc. is an operator of pawn and consumer finance stores in the United States and Mexico. As of March 15, 2010, the Company had over 550 locations in eight United States states and 19 states in Mexico. The Company’s pawn stores engage in both consumer finance and retail sales activities. They are a source for small consumer loans to help customers meet their short-term cash needs. Personal property such as jewelry, consumer electronics, tools, sporting goods and musical instruments are pledged as collateral for the loans. The Company operates stand-alone consumer finance stores in Texas and Illinois. In addition, the Company is a 50% partner in Cash & Go, Ltd., a Texas-based limited partnership, which owns and operates kiosks located inside convenience stores that offer credit services and check cashing.
First Cash Financial Services opened at 39.66 on Thursday. First Cash Financial Services has a 1-year low of $30.32 and a 1-year high of $52.18. The stock has a 50-day moving average of $36. and a 200-day moving average of $41.14. The company has a market cap of $1.193 billion and a price-to-earnings ratio of 16.53.