Roth Capital Maintains Buy On First Cash Financial Services Shares, $62 PT
In a research report issued yesterday, Roth Capital analyst Dave King maintained a Buy rating on First Cash Financial Services (NASDAQ:FCFS) with a price target of $62.00.
King noted, “Through Acquisition FCFS acquired 56 pawn stores for $28.5M, including all of Cash America’s 47 locations in Mexico and 5 in Colorado. Management raised its 2014 Mexico store growth target by 20 to 85-90 and expects a modest 2014 EPS benefit, but long-term accretion as the stores are integrated and mature. We continue to like FCFS for its non-payday focused business model and meaningful growth opportunity in Mexico.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Dave King has a total average return of 7.7% and a 58.6% success rate. Dave has a 1.0% average return when recommending FCFS, and is ranked #964 out of 3249 analysts.