EZCORP (NASDAQ:EZPW) had its price target cut by analysts at B. Riley from $14.00 to $12.00 in a report released on Tuesday, BenzingaRatingsTable reports. The firm currently has a “buy” rating on the credit services provider’s stock. B. Riley’s price objective suggests a potential upside of 142.42% from the stock’s previous close.
Several other research firms have also commented on EZPW. Jefferies Financial Group lowered shares of EZCORP from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. TheStreet downgraded shares of EZCORP from a “b-” rating to a “c” rating in a report on Monday, August 5th. BidaskClub upgraded shares of EZCORP from a “strong sell” rating to a “sell” rating in a report on Monday, November 25th. ValuEngine upgraded shares of EZCORP from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Finally, Zacks Investment Research lowered shares of EZCORP from a “hold” rating to a “sell” rating in a research report on Wednesday, October 9th. Three analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $11.50.
Shares of EZPW stock opened at $4.95 on Tuesday. The stock has a fifty day moving average price of $5.32 and a 200 day moving average price of $7.73. The company has a debt-to-equity ratio of 0.32, a quick ratio of 5.66 and a current ratio of 8.07. The stock has a market cap of $274.43 million, a PE ratio of 6.27 and a beta of 1.67. EZCORP has a 1 year low of $4.77 and a 1 year high of $11.25.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC lifted its position in EZCORP by 44.7% during the second quarter. Renaissance Technologies LLC now owns 1,794,921 shares of the credit services provider’s stock worth $16,998,000 after buying an additional 554,121 shares during the period. Hancock Whitney Corp increased its stake in shares of EZCORP by 1,652.8% during the 2nd quarter. Hancock Whitney Corp now owns 480,134 shares of the credit services provider’s stock valued at $4,547,000 after acquiring an additional 452,741 shares during the last quarter. Nuveen Asset Management LLC purchased a new position in shares of EZCORP during the 2nd quarter worth about $1,893,000. Stephens Investment Management Group LLC lifted its holdings in shares of EZCORP by 8.3% during the 2nd quarter. Stephens Investment Management Group LLC now owns 2,018,845 shares of the credit services provider’s stock worth $19,118,000 after acquiring an additional 155,559 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of EZCORP by 49.8% during the 2nd quarter. Invesco Ltd. now owns 342,048 shares of the credit services provider’s stock worth $3,239,000 after acquiring an additional 113,685 shares during the period. Institutional investors and hedge funds own 95.07% of the company’s stock.
EZCORP Company Profile
EZCORP, Inc provides pawn loans. It operates through three segments: U.S. Pawn, Latin America Pawn, and Other International. The company offers pawn loans, which are non-recourse loans collateralized by tangible personal property, including jewelry, consumer electronics, power tools, sporting goods, and musical instruments; and sells merchandise, such as collateral forfeited from pawn lending operations and used merchandise purchased from customers.
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