Ezcorp Downgraded by Sterne Agee to “Neutral” (EZPW)
Ezcorp (NASDAQ:EZPW) was downgraded by stock analysts at Sterne Agee from a “buy” rating to a “neutral” rating in a report issued on Monday, TheFlyOnTheWall.com reports. They currently have a $12.00 target price on the stock. Sterne Agee’s price target suggests a potential upside of 8.99% from the company’s current price.
A number of other analysts have also recently weighed in on EZPW. Analysts at Stephens cut their price target on shares of Ezcorp from $22.00 to $15.00 in a research note to investors on Friday, November 8th. They now have an “equal weight” rating on the stock. Separately, analysts at FBR Capital Markets cut their price target on shares of Ezcorp from $18.00 to $12.00 in a research note to investors on Friday, November 8th. They now have a “market perform” rating on the stock. Finally, analysts at Sidoti downgraded shares of Ezcorp from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, November 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. Ezcorp has an average rating of “Hold” and a consensus target price of $15.54.
Ezcorp (NASDAQ:EZPW) traded down 7.08% during mid-day trading on Monday, hitting $10.23. The stock had a trading volume of 528,882 shares. Ezcorp has a 1-year low of $10.74 and a 1-year high of $24.06. The stock’s 50-day moving average is $13.46 and its 200-day moving average is $16.83. The company has a market cap of $555.6 million and a price-to-earnings ratio of 17.59.
Ezcorp (NASDAQ:EZPW) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.48) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.46 by $0.94. The company had revenue of $234.37 million for the quarter, compared to the consensus estimate of $248.73 million. During the same quarter in the prior year, the company posted $0.75 earnings per share. The company’s quarterly revenue was down 7.7% on a year-over-year basis. Analysts expect that Ezcorp will post $1.44 EPS for the current fiscal year.
EZCORP, Inc is a provider of instant cash solutions. The Company provides a range of instant cash solutions, including collateralized, non-recourse loans, commonly known as pawn loans, and a range of short-term consumer loans, including single-payment and multiple-payment unsecured loans and single-payment and multiple-payment auto title loans.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.