Cash America International Inc. (NYSE:CSH) was upgraded by investment analysts at JMP Securities to a “buy” rating in a research note issued to investors on Thursday. The firm presently has a $57.00 price objective on the stock. JMP Securities’ price objective would suggest a potential upside of 35.07% from the company’s previous close.
Several other equities analysts have also commented on the company. Jefferies Group restated a “hold” rating on shares of Cash America International in a research note on Sunday, September 4th. Zacks Investment Research upgraded Cash America International from a “hold” rating to a “strong-buy” rating and set a $50.00 price target on the stock in a research note on Wednesday, August 31st. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Cash America International currently has a consensus rating of “Buy” and a consensus target price of $45.00.
Cash America International (NYSE:CSH) remained flat at $42.20 during trading on Thursday. Cash America International has a 52-week low of $26.00 and a 52-week high of $45.67. The company’s 50 day moving average is $43.36 and its 200 day moving average is $39.65.
Cash America International (NYSE:CSH) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.15 by $0.10. The firm had revenue of $241.20 million for the quarter, compared to analysts’ expectations of $250.05 million. The business’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.06 EPS. On average, equities analysts forecast that Cash America International will post $1.45 earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the stock. BlackRock Group LTD raised its position in Cash America International by 4.5% in the first quarter. BlackRock Group LTD now owns 43,716 shares of the company’s stock valued at $1,689,000 after buying an additional 1,876 shares during the period. Landscape Capital Management L.L.C. increased its stake in shares of Cash America International by 47.8% in the first quarter. Landscape Capital Management L.L.C. now owns 27,500 shares of the company’s stock valued at $1,063,000 after buying an additional 8,900 shares in the last quarter. OMERS ADMINISTRATION Corp increased its stake in shares of Cash America International by 84.6% in the first quarter. OMERS ADMINISTRATION Corp now owns 14,400 shares of the company’s stock valued at $556,000 after buying an additional 6,600 shares in the last quarter. Hancock Holding Co. increased its stake in shares of Cash America International by 0.5% in the first quarter. Hancock Holding Co. now owns 368,532 shares of the company’s stock valued at $14,240,000 after buying an additional 1,850 shares in the last quarter. Finally, HBK Investments L P acquired a new stake in shares of Cash America International during the first quarter valued at $298,000.
About Cash America International
Cash America International, Inc provides specialty financial services to individuals through its storefront lending and franchised check cashing locations. The Company offers secured non-recourse loans, referred to as pawn loans, as its primary line of business. The Company is also engaged in originating, arranging, guaranteeing or purchasing consumer loans in some of its locations.
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