Ezcorp Price Target Cut to $11.00 by Analysts at FBR Capital Markets (EZPW)
Equities research analysts at FBR Capital Markets reduced their price objective on shares of Ezcorp (NASDAQ:EZPW) from $12.00 to $11.00 in a research note issued to investors on Thursday. FBR Capital Markets’ price objective points to a potential upside of 18.15% from the stock’s previous close.
Ezcorp (NASDAQ:EZPW) traded down 4.90% on Thursday, hitting $9.31. The stock had a trading volume of 1,022,779 shares. Ezcorp has a 1-year low of $9.22 and a 1-year high of $18.47. The stock’s 50-day moving average is $11.00 and its 200-day moving average is $11.42. The company has a market cap of $506.4 million and a price-to-earnings ratio of 31.48.
Ezcorp (NASDAQ:EZPW) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.21 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.25 by $0.04. The company had revenue of $241.00 million for the quarter, compared to the consensus estimate of $245.60 million. During the same quarter last year, the company posted $0.29 earnings per share. Ezcorp’s revenue was up 2.6% compared to the same quarter last year. On average, analysts predict that Ezcorp will post $1.22 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Wells Fargo & Co. downgraded shares of Ezcorp from an “outperform” rating to a “market perform” rating in a research note on Thursday. Separately, analysts at Sidoti downgraded shares of Ezcorp from a “buy” rating to a “neutral” rating in a research note on Monday, July 21st. They now have a $10.00 price target on the stock, down previously from $16.00. Finally, analysts at Macquarie initiated coverage on shares of Ezcorp in a research note on Wednesday, July 9th. They set a “neutral” rating and a $13.00 price target on the stock. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. Ezcorp currently has an average rating of “Hold” and an average target price of $11.94.
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.
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