EZCORP, Inc. (NASDAQ:EZPW) Upgraded at Zacks Investment Research
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.
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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