EZCORP (NASDAQ:EZPW) Given New $18.00 Price Target at Canaccord Genuity Group

EZCORP (NASDAQ:EZPW) had its price objective boosted by Canaccord Genuity Group from $17.00 to $18.00 in a research note issued to investors on Tuesday, Benzinga reports. Canaccord Genuity Group currently has a buy rating on the credit services provider’s stock.

EZPW has been the subject of a number of other research reports. StockNews.com cut shares of EZCORP from a strong-buy rating to a buy rating in a research note on Friday, March 29th. TheStreet upgraded shares of EZCORP from a c+ rating to a b- rating in a research note on Thursday, February 15th.

EZCORP Stock Performance

Shares of EZPW stock opened at $11.26 on Tuesday. The stock has a market cap of $620.99 million, a P/E ratio of 17.87 and a beta of 1.15. The company has a debt-to-equity ratio of 0.42, a current ratio of 4.00 and a quick ratio of 3.08. The company has a fifty day moving average price of $10.68 and a two-hundred day moving average price of $9.28. EZCORP has a one year low of $7.70 and a one year high of $11.40.

EZCORP (NASDAQ:EZPW) last announced its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.07. The firm had revenue of $299.99 million during the quarter, compared to analysts’ expectations of $303.66 million. EZCORP had a net margin of 4.62% and a return on equity of 10.37%. As a group, equities analysts predict that EZCORP will post 1.05 EPS for the current year.

Insider Transactions at EZCORP

In other EZCORP news, CRO Nicole Swies sold 2,250 shares of EZCORP stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $11.38, for a total value of $25,605.00. Following the completion of the sale, the executive now owns 71,458 shares in the company, valued at approximately $813,192.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.13% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On EZCORP

Several hedge funds have recently bought and sold shares of EZPW. BlackRock Inc. grew its holdings in shares of EZCORP by 3.4% during the 1st quarter. BlackRock Inc. now owns 9,038,266 shares of the credit services provider’s stock valued at $54,591,000 after purchasing an additional 293,054 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of EZCORP by 6.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,435,526 shares of the credit services provider’s stock valued at $38,145,000 after purchasing an additional 267,130 shares during the last quarter. Vanguard Group Inc. grew its holdings in EZCORP by 3.6% during the 3rd quarter. Vanguard Group Inc. now owns 3,561,852 shares of the credit services provider’s stock worth $27,462,000 after acquiring an additional 122,964 shares during the last quarter. Wasatch Advisors LP grew its holdings in EZCORP by 9.9% during the 4th quarter. Wasatch Advisors LP now owns 2,532,799 shares of the credit services provider’s stock worth $22,137,000 after acquiring an additional 228,013 shares during the last quarter. Finally, Stephens Investment Management Group LLC grew its holdings in EZCORP by 5.0% during the 4th quarter. Stephens Investment Management Group LLC now owns 2,510,414 shares of the credit services provider’s stock worth $21,941,000 after acquiring an additional 118,599 shares during the last quarter. 99.83% of the stock is owned by institutional investors.

EZCORP Company Profile

EZCORP, Inc provides pawn services in the United States and Latin America. The company operates through three segments: U.S. Pawn, Latin America Pawn, and Other Investments. The company offers pawn loans collateralized by tangible personal property, jewelry, consumer electronics, tools, sporting goods, and musical instruments.