FirstCash, Inc. (FCFS) Just Reaches 52-Week High?

January 14, 2018 - By reb123z

Investors sentiment decreased to 0 in Q3 2017. Its down 2.00, from 2 in 2017Q2. It dropped, as 1 investors sold FirstCash, Inc. shares while 2 reduced holdings. 0 funds opened positions while 0 raised stakes. 1.88 million shares or 34.99% less from 2.89 million shares in 2017Q2 were reported.
Public Employees Retirement Association Of Colorado holds 0% or 10,430 shares in its portfolio. Gemmer Asset Ltd Liability Co reported 215 shares. 7,620 were accumulated by Burney. Genesis Asset Managers Llp reported 1.86M shares.

The stock of FirstCash, Inc. (NYSE:FCFS) hit a new 52-week high and has $73.97 target or 5.00 % above today’s $70.45 share price. The 8 months bullish chart indicates low risk for the $3.32B company. The 1-year high was reported on Jan, 14 by Barchart.com. If the $73.97 price target is reached, the company will be worth $166.20M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.07% or $0.05 during the last trading session, reaching $70.45. About 162,195 shares traded. FirstCash, Inc. (NYSE:FCFS) has risen 22.27% since January 14, 2017 and is uptrending. It has outperformed by 5.57% the S&P500.

Analysts await FirstCash, Inc. (NYSE:FCFS) to report earnings on February, 1. They expect $0.84 earnings per share, up 9.09 % or $0.07 from last year’s $0.77 per share. FCFS’s profit will be $39.63M for 20.97 P/E if the $0.84 EPS becomes a reality. After $0.61 actual earnings per share reported by FirstCash, Inc. for the previous quarter, Wall Street now forecasts 37.70 % EPS growth.

FirstCash, Inc. operates retail-based pawn and consumer finance stores in the United States and Mexico. The company has market cap of $3.32 billion. The Company’s 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. It has a 30.16 P/E ratio. The firm also engages in melting scrap jewelry, as well as sells the gold, silver, and diamonds in commodity markets.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.