EZCORP, Inc. (NASDAQ:EZPW) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday. The firm presently has a $9.75 target price on the credit services provider’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 10.17% from the stock’s previous close.

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 equities research analysts have also recently commented on the stock. Jefferies Group LLC upgraded shares of EZCORP from a “hold” rating to a “buy” rating in a research note on Friday. BidaskClub upgraded shares of EZCORP from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Finally, TheStreet upgraded shares of EZCORP from a “d+” rating to a “c-” rating in a research note on Friday, May 19th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $9.88.

EZCORP (EZPW) traded up 1.14% during mid-day trading on Monday, reaching $8.85. 1,497,268 shares of the company were exchanged. The stock has a market capitalization of $480.52 million, a price-to-earnings ratio of 20.39 and a beta of 1.98. The stock has a 50 day moving average of $8.20 and a 200-day moving average of $8.67. EZCORP has a one year low of $7.55 and a one year high of $12.00.

EZCORP (NASDAQ:EZPW) last released its earnings results on Monday, July 31st. The credit services provider reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by $0.01. EZCORP had a return on equity of 3.65% and a net margin of 3.16%. The firm had revenue of $183.60 million for the quarter, compared to the consensus estimate of $182.10 million. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, equities analysts expect that EZCORP will post $0.53 earnings per share for the current fiscal year.

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Several large investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. boosted its stake in EZCORP by 20.9% in the second quarter. Victory Capital Management Inc. now owns 154,192 shares of the credit services provider’s stock valued at $1,187,000 after buying an additional 26,605 shares during the last quarter. Federated Investors Inc. PA boosted its stake in EZCORP by 59.3% in the second quarter. Federated Investors Inc. PA now owns 218,507 shares of the credit services provider’s stock valued at $1,683,000 after buying an additional 81,356 shares during the last quarter. Marshall Wace North America L.P. bought a new stake in EZCORP during the second quarter valued at about $1,325,000. BNP Paribas Arbitrage SA boosted its stake in EZCORP by 41.3% in the second quarter. BNP Paribas Arbitrage SA now owns 23,439 shares of the credit services provider’s stock valued at $180,000 after buying an additional 6,853 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in EZCORP by 11.9% in the second quarter. Legal & General Group Plc now owns 88,494 shares of the credit services provider’s stock valued at $682,000 after buying an additional 9,437 shares during the last quarter. Hedge funds and other institutional investors own 86.10% of the company’s stock.

EZCORP Company Profile

EZCORP, Inc provides pawn loans in the United States and Mexico, and consumer loans in Mexico. The Company operates through three segments: U.S. Pawn, which includes its EZPAWN, Value Pawn & 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, and Other International, which includes its CASHMAX financial services operations in Canada and its equity interest in Cash Converters International.

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