Jefferies Group Increases Ezcorp Inc. (EZPW) Price Target to $11.00
Ezcorp Inc. (NASDAQ:EZPW) had its price target hoisted by analysts at Jefferies Group from $9.00 to $11.00 in a research note issued on Tuesday. The firm presently has a “hold” rating on the stock. Jefferies Group’s price objective points to a potential upside of 3.29% from the stock’s previous close.
A number of other equities analysts also recently commented on the stock. Zacks Investment Research raised shares of Ezcorp from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a report on Tuesday, September 27th. CL King raised shares of Ezcorp from a “neutral” rating to a “buy” rating and set a $11.25 price objective for the company in a report on Wednesday, August 17th. Finally, Wells Fargo & Co. raised shares of Ezcorp from a “market perform” rating to an “outperform” rating in a report on Thursday, July 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $11.08.
Ezcorp (NASDAQ:EZPW) traded down 0.38% during mid-day trading on Tuesday, reaching $10.61. 144,528 shares of the company traded hands. The stock’s 50-day moving average price is $10.29 and its 200-day moving average price is $7.64. The firm’s market cap is $572.74 million. Ezcorp has a one year low of $2.44 and a one year high of $11.33.
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Ezcorp (NASDAQ:EZPW) last released its quarterly earnings data on Tuesday, August 9th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.06. Ezcorp had a negative net margin of 23.29% and a negative return on equity of 3.34%. Analysts forecast that Ezcorp will post ($1.57) earnings per share for the current fiscal year.
A number of institutional investors have recently made changes to their positions in EZPW. Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Ezcorp during the first quarter valued at about $152,000. Menta Capital LLC boosted its stake in Ezcorp by 13.1% in the first quarter. Menta Capital LLC now owns 159,081 shares of the company’s stock valued at $472,000 after buying an additional 18,400 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Ezcorp by 142.7% in the first quarter. Renaissance Technologies LLC now owns 271,118 shares of the company’s stock valued at $805,000 after buying an additional 159,391 shares during the last quarter. Lafitte Capital Management LP boosted its stake in Ezcorp by 41.2% in the first quarter. Lafitte Capital Management LP now owns 3,085,173 shares of the company’s stock valued at $9,163,000 after buying an additional 900,000 shares during the last quarter. Finally, Nantahala Capital Management LLC bought a new stake in Ezcorp during the first quarter valued at $1,675,000. 79.56% of the stock is owned by hedge funds and other institutional investors.
EZCORP, Inc provides pawn loans in the United States and Mexico, and consumer loans in Mexico. The Company operates through four segments: U.S. Pawn, which includes its EZPAWN, value pawn and jewelry, and other branded pawn operations in the United States; Mexico Pawn, which includes its Empeno Facil pawn operations and cash converters buy/sell store operations in Mexico; Grupo Finmart, which includes its Crediamigo and Adex payroll withholding loan operations in Mexico, and Other International, which includes its CASHMAX financial services operations in Canada and its equity interest in Cash Converters International.
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