EZCORP (EZPW) Upgraded to “Buy” at Zacks Investment Research

EZCORP (NASDAQ:EZPW) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Friday. The brokerage currently has a $13.00 price objective on the credit services provider’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 7.44% from the company’s current price.

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. “

EZPW has been the topic of several other research reports. ValuEngine upgraded shares of EZCORP from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. BidaskClub downgraded shares of EZCORP from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, January 9th. Finally, Jefferies Group reiterated a “buy” rating and issued a $12.00 target price (up previously from $10.50) on shares of EZCORP in a research note on Tuesday, October 10th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $13.00.

EZCORP (EZPW) traded up $0.25 during trading hours on Friday, reaching $12.10. 625,364 shares of the company traded hands, compared to its average volume of 663,069. EZCORP has a 1-year low of $7.55 and a 1-year high of $12.50. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.01 and a quick ratio of 5.88. The company has a market capitalization of $647.34, a price-to-earnings ratio of 19.52 and a beta of 1.97.

EZCORP (NASDAQ:EZPW) last posted its quarterly earnings data on Wednesday, November 15th. The credit services provider reported $0.21 EPS for the quarter, topping the consensus estimate of $0.11 by $0.10. EZCORP had a net margin of 4.26% and a return on equity of 5.40%. The business had revenue of $182.07 million for the quarter, compared to analyst estimates of $188.84 million. During the same quarter in the previous year, the firm posted ($0.31) earnings per share. EZCORP’s quarterly revenue was down 1.4% on a year-over-year basis. analysts anticipate that EZCORP will post 0.84 earnings per share for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Municipal Employees Retirement System of Michigan lifted its stake in shares of EZCORP by 1.0% in the third quarter. Municipal Employees Retirement System of Michigan now owns 11,370 shares of the credit services provider’s stock worth $126,000 after buying an additional 110 shares in the last quarter. Texas Permanent School Fund lifted its position 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 purchasing an additional 297 shares during the period. Wellington Management Group LLP lifted its position 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 purchasing an additional 300 shares during the period. Prudential Financial Inc. lifted its position 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 purchasing an additional 310 shares during the period. Finally, Louisiana State Employees Retirement System lifted its position 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 purchasing an additional 400 shares during the period. Hedge funds and other institutional investors own 92.61% of the company’s stock.

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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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