Zacks Investment Research Lowers Ezcorp Inc. (EZPW) to Hold
Ezcorp Inc. (NASDAQ:EZPW) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday.
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 research analysts have also commented on EZPW. Jefferies Group raised their price target on Ezcorp from $9.00 to $11.00 and gave the company a “hold” rating in a report on Tuesday. CL King raised Ezcorp from a “neutral” rating to a “buy” rating and set a $11.25 target price for the company in a research note on Wednesday, August 17th. Finally, Wells Fargo & Co. raised Ezcorp from a “market perform” rating to an “outperform” rating in a research note on Thursday, July 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $11.08.
Shares of Ezcorp (NASDAQ:EZPW) traded down 0.38% on Tuesday, reaching $10.61. 256,844 shares of the company traded hands. Ezcorp has a 52-week low of $2.44 and a 52-week high of $11.33. The company’s market capitalization is $572.74 million. The firm has a 50-day moving average of $10.29 and a 200-day moving average of $7.64.
Ezcorp (NASDAQ:EZPW) last issued its quarterly earnings results on Tuesday, August 9th. The company reported $0.05 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%. On average, equities research analysts forecast that Ezcorp will post ($1.57) earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its position in shares of Ezcorp by 295.2% in the second quarter. BlackRock Inc. now owns 14,433 shares of the company’s stock valued at $110,000 after buying an additional 10,781 shares in the last quarter. BNP Paribas Arbitrage SA raised its position 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 during the period. Profund Advisors LLC raised its position 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 during the period. Jefferies Group LLC bought a new position in Ezcorp during the second quarter worth $128,000. Finally, Sigma Planning Corp raised its position 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 during the period. 79.56% of the stock is owned by institutional investors and hedge funds.
Ezcorp Company Profile
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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