Barclays Believes FirstCash Inc (NASDAQ: FCFS) Still Has Room to Grow

By Austin Angelo

In a report issued on June 2, Gilberto Garcia from Barclays maintained a Buy rating on FirstCash Inc (FCFSResearch Report), with a price target of $110. The company’s shares opened today at $96.55, close to its 52-week high of $100.43.

Garcia has an average return of 16.6% when recommending FirstCash Inc.

According to TipRanks.com, Garcia is ranked #4924 out of 5179 analysts.

Currently, the analyst consensus on FirstCash Inc is a Moderate Buy with an average price target of $110.

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Based on FirstCash Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $42.66 million. In comparison, last year the company had a net profit of $41.64 million.

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FirstCash, Inc. engages in operating retail-based pawn stores. It operates through following segments: U.S. operations and Latin America operations.