EZCORP, Inc. (EZPW) Upgraded by Zacks Investment Research to Buy
EZCORP, Inc. (NASDAQ:EZPW) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Friday. The firm presently has a $10.00 price objective on the credit services provider’s stock. Zacks Investment Research‘s target price indicates a potential upside of 8.70% from the stock’s previous close.
According to Zacks, “Ezcorp Inc. is engaged in establishing, acquiring, and operating pawnshops which function as convenient sources of consumer credit and as value-oriented specialty retailers of primarily previously owned merchandise. Through its lending function, the company makes relatively small, non-recourse loans secured by pledges of tangible personal property. The company contracts for a pawn service charge to compensate it for each pawn loan. “
A number of other equities analysts have also commented on EZPW. TheStreet raised shares of EZCORP from a “d+” rating to a “c-” rating in a research report on Friday, May 19th. Jefferies Group LLC reaffirmed a “hold” rating and set a $10.50 target price on shares of EZCORP in a research report on Friday, June 16th. BidaskClub lowered shares of EZCORP from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Finally, Sidoti initiated coverage on shares of EZCORP in a research report on Thursday, August 10th. They set a “neutral” rating on the stock. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $9.50.
EZCORP (EZPW) traded up 0.55% on Friday, hitting $9.20. The company’s stock had a trading volume of 330,542 shares. The firm has a market cap of $499.52 million, a price-to-earnings ratio of 21.20 and a beta of 1.95. EZCORP has a 12 month low of $7.55 and a 12 month high of $12.00. The firm has a 50 day moving average of $8.72 and a 200 day moving average of $8.57.
EZCORP (NASDAQ:EZPW) last issued its earnings results on Monday, July 31st. The credit services provider reported $0.10 EPS for the quarter, missing the Zacks’ consensus estimate of $0.11 by $0.01. The company had revenue of $183.60 million for the quarter, compared to analysts’ expectations of $182.10 million. EZCORP had a return on equity of 3.65% and a net margin of 3.16%. The firm’s revenue was up 7.9% compared to the same quarter last year. Equities research analysts forecast that EZCORP will post $0.54 earnings per share for the current fiscal year.
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A number of hedge funds have recently modified their holdings of the stock. Texas Permanent School Fund increased its holdings in EZCORP by 0.8% during the second quarter. Texas Permanent School Fund now owns 35,597 shares of the credit services provider’s stock valued at $274,000 after buying an additional 297 shares during the period. Wellington Management Group LLP increased its holdings in EZCORP by 2.2% during the first quarter. Wellington Management Group LLP now owns 13,848 shares of the credit services provider’s stock valued at $113,000 after buying an additional 300 shares during the period. Prudential Financial Inc. increased its holdings in EZCORP by 0.4% during the first quarter. Prudential Financial Inc. now owns 83,046 shares of the credit services provider’s stock valued at $677,000 after buying an additional 310 shares during the period. Louisiana State Employees Retirement System increased its holdings in EZCORP by 2.1% during the first quarter. Louisiana State Employees Retirement System now owns 19,900 shares of the credit services provider’s stock valued at $162,000 after buying an additional 400 shares during the period. Finally, Sigma Planning Corp increased its holdings in EZCORP by 2.2% during the second quarter. Sigma Planning Corp now owns 20,520 shares of the credit services provider’s stock valued at $158,000 after buying an additional 450 shares during the period. 89.43% of the stock is currently owned by institutional investors.
EZCORP Company Profile
EZCORP, Inc provides pawn loans in the United States and Mexico, and consumer loans in Mexico. The Company operates through three segments: U.S. Pawn, which includes its EZPAWN, Value Pawn & 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, and Other International, which includes its CASHMAX financial services operations in Canada and its equity interest in Cash Converters International.
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