EZCORP (NASDAQ:EZPW) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued 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. “

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Several other research analysts also recently issued reports on EZPW. ValuEngine upgraded shares of EZCORP from a “hold” rating to a “buy” rating in a research note on Thursday, November 16th. Jefferies Group reiterated a “buy” rating and issued a $13.00 target price on shares of EZCORP in a research note on Friday, November 17th. Finally, BidaskClub downgraded shares of EZCORP from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, January 9th. Three analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company’s stock. EZCORP presently has an average rating of “Buy” and an average price target of $13.50.

EZCORP (NASDAQ:EZPW) opened at $13.35 on Tuesday. The stock has a market cap of $754.33, a P/E ratio of 19.86 and a beta of 1.62. EZCORP has a 52 week low of $7.55 and a 52 week high of $14.30. The company has a quick ratio of 5.47, a current ratio of 7.77 and a debt-to-equity ratio of 0.44.

EZCORP (NASDAQ:EZPW) last issued its earnings results on Wednesday, January 31st. The credit services provider reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.09. The firm had revenue of $204.50 million for the quarter, compared to the consensus estimate of $204.39 million. EZCORP had a net margin of 4.93% and a return on equity of 6.40%. The business’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.15 earnings per share. research analysts forecast that EZCORP will post 0.79 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in EZPW. Cardinal Capital Management LLC CT raised its holdings in shares of EZCORP by 4,356.2% during the fourth quarter. Cardinal Capital Management LLC CT now owns 2,096,092 shares of the credit services provider’s stock valued at $25,572,000 after purchasing an additional 2,049,054 shares during the last quarter. Stephens Investment Management Group LLC purchased a new position in shares of EZCORP during the fourth quarter valued at approximately $12,922,000. Lafitte Capital Management LP raised its holdings in shares of EZCORP by 11.2% during the fourth quarter. Lafitte Capital Management LP now owns 5,088,338 shares of the credit services provider’s stock valued at $62,078,000 after purchasing an additional 510,838 shares during the last quarter. Philadelphia Financial Management of San Francisco LLC raised its holdings in shares of EZCORP by 69.9% during the fourth quarter. Philadelphia Financial Management of San Francisco LLC now owns 1,151,389 shares of the credit services provider’s stock valued at $14,047,000 after purchasing an additional 473,802 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of EZCORP by 25.2% during the third quarter. JPMorgan Chase & Co. now owns 2,045,860 shares of the credit services provider’s stock valued at $20,970,000 after purchasing an additional 411,457 shares during the last quarter. 92.48% of the stock is owned by hedge funds and other institutional investors.

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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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