Ezcorp Inc. (EZPW) Upgraded by Zacks Investment Research to “Buy”
Zacks Investment Research upgraded shares of Ezcorp Inc. (NASDAQ:EZPW) from a hold rating to a buy rating in a research report released on Tuesday morning. The firm currently has $11.00 target price on the stock.
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 analysts have also issued reports on EZPW. Wells Fargo & Co. upgraded Ezcorp from a market perform rating to an outperform rating in a report on Thursday, July 7th. Jefferies Group reiterated a hold rating and issued a $9.00 price target on shares of Ezcorp in a report on Thursday, August 4th. Finally, CL King upgraded Ezcorp from a neutral rating to a buy rating and set a $11.25 price target for the company in a report on Wednesday, August 17th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $10.42.
Ezcorp (NASDAQ:EZPW) opened at 11.06 on Tuesday. The stock’s 50 day moving average price is $10.11 and its 200 day moving average price is $7.24. Ezcorp has a 12 month low of $2.44 and a 12 month high of $11.12. The company’s market capitalization is $597.03 million.
Ezcorp (NASDAQ:EZPW) last announced its quarterly earnings results on Tuesday, August 9th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.06. Ezcorp had a negative return on equity of 3.34% and a negative net margin of 23.29%. Equities research analysts anticipate that Ezcorp will post ($1.57) earnings per share for the current fiscal year.
A number of hedge funds have recently bought and sold shares of EZPW. BlackRock Inc. raised its stake in Ezcorp by 295.2% in the second quarter. BlackRock Inc. now owns 14,433 shares of the company’s stock worth $110,000 after buying an additional 10,781 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in Ezcorp by 70.6% in the second quarter. BNP Paribas Arbitrage SA now owns 16,631 shares of the company’s stock worth $126,000 after buying an additional 6,885 shares in the last quarter. Profund Advisors LLC raised its stake in Ezcorp by 2.2% in the second quarter. Profund Advisors LLC now owns 16,790 shares of the company’s stock worth $127,000 after buying an additional 356 shares in the last quarter. Jefferies Group LLC bought a new stake in Ezcorp during the second quarter worth $128,000. Finally, Sigma Planning Corp raised its stake in Ezcorp by 35.5% in the second quarter. Sigma Planning Corp now owns 19,845 shares of the company’s stock worth $150,000 after buying an additional 5,200 shares in the last quarter. Institutional investors own 79.56% of the company’s stock.
EZCORP, Inc provides pawn loans in the United States and Mexico, and consumer loans in Mexico. The Company operates through four segments: U.S. Pawn, which includes its EZPAWN, value pawn and 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; Grupo Finmart, which includes its Crediamigo and Adex payroll withholding loan 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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