EZCORP, Inc. (NASDAQ:EZPW) Receives $22.17 Average Price Target from Analysts

Shares of EZCORP, Inc. (NASDAQ:EZPW) have been given an average rating of “Moderate Buy” by the seven ratings firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $24.00.

EZPW has been the topic of a number of research analyst reports. Wall Street Zen downgraded shares of EZCORP from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 10th. Citizens Jmp upped their price target on EZCORP from $23.00 to $26.00 and gave the stock a “market outperform” rating in a research note on Tuesday. JMP Securities set a $23.00 price target on EZCORP in a research report on Monday, November 3rd. Canaccord Genuity Group boosted their price objective on EZCORP from $27.00 to $28.00 and gave the company a “buy” rating in a report on Monday, November 17th. Finally, Roth Mkm restated a “buy” rating and set a $26.00 target price on shares of EZCORP in a report on Tuesday, January 6th.

EZCORP Stock Performance

Shares of EZCORP stock opened at $21.13 on Monday. The firm has a market cap of $1.29 billion, a PE ratio of 14.99 and a beta of 0.55. The company has a quick ratio of 4.37, a current ratio of 5.61 and a debt-to-equity ratio of 0.51. EZCORP has a 52 week low of $11.60 and a 52 week high of $22.11. The business’s fifty day simple moving average is $20.10 and its 200-day simple moving average is $17.84.

EZCORP (NASDAQ:EZPW) last issued its quarterly earnings data on Thursday, November 13th. The credit services provider reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. EZCORP had a return on equity of 12.00% and a net margin of 8.60%.The firm had revenue of $335.90 million during the quarter, compared to the consensus estimate of $325.09 million. Equities analysts forecast that EZCORP will post 1.3 earnings per share for the current year.

Institutional Investors Weigh In On EZCORP

Several large investors have recently added to or reduced their stakes in EZPW. Royal Bank of Canada boosted its position in EZCORP by 23.6% in the 1st quarter. Royal Bank of Canada now owns 19,375 shares of the credit services provider’s stock valued at $286,000 after buying an additional 3,705 shares during the period. Intech Investment Management LLC acquired a new stake in shares of EZCORP in the first quarter valued at $1,646,000. Voya Investment Management LLC boosted its holdings in EZCORP by 67.3% in the first quarter. Voya Investment Management LLC now owns 108,879 shares of the credit services provider’s stock valued at $1,603,000 after purchasing an additional 43,786 shares during the period. Exchange Traded Concepts LLC grew its stake in EZCORP by 4.9% during the 2nd quarter. Exchange Traded Concepts LLC now owns 224,252 shares of the credit services provider’s stock worth $3,113,000 after purchasing an additional 10,571 shares in the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new stake in EZCORP during the 2nd quarter worth about $187,000. 99.83% of the stock is owned by hedge funds and other institutional investors.

EZCORP Company Profile

EZCORP, Inc is a specialty consumer finance company that provides pawn loans and retail merchandise programs primarily through its EZPAWN and Cash Converters brands. The company offers collateral-based loans secured principally by jewelry, electronics, musical instruments and other personal items, alongside check-cashing, money-transfer and bill-payment services. In addition to its pawn lending operations, EZCORP acquires previously pawned or consumer merchandise for resale through its “Sell-It-Now” platform and retail storefronts.

Founded in 1989 and headquartered in San Antonio, Texas, EZCORP operates in two principal geographic markets: the United States and Mexico.