Canaccord Genuity Group Cuts EZCORP (NASDAQ:EZPW) Price Target to $24.00

EZCORP (NASDAQ:EZPW - Get Free Report) had its target price cut by analysts at Canaccord Genuity Group from $25.00 to $24.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a "buy" rating on the credit services provider's stock. Canaccord Genuity Group's target price would indicate a potential upside of 61.73% from the stock's current price.

EZPW has been the topic of a number of other research reports. Roth Capital set a $16.00 target price on EZCORP in a report on Monday, March 17th. Roth Mkm began coverage on shares of EZCORP in a report on Monday, March 17th. They set a "buy" rating and a $16.00 price target for the company. Stephens reiterated an "equal weight" rating and set a $13.50 price target on shares of EZCORP in a research report on Thursday, February 6th. Finally, StockNews.com raised shares of EZCORP from a "hold" rating to a "buy" rating in a research note on Wednesday, April 30th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, EZCORP presently has a consensus rating of "Buy" and a consensus target price of $17.38.

EZCORP Price Performance

NASDAQ EZPW traded up $0.04 on Tuesday, reaching $14.84. 631,643 shares of the stock traded hands, compared to its average volume of 697,298. The firm's fifty day simple moving average is $14.98 and its 200 day simple moving average is $13.31. EZCORP has a 12 month low of $9.66 and a 12 month high of $16.60. The company has a market cap of $816.41 million, a price-to-earnings ratio of 12.90 and a beta of 0.59. The company has a quick ratio of 2.13, a current ratio of 2.91 and a debt-to-equity ratio of 0.27.

EZCORP (NASDAQ:EZPW - Get Free Report) last released its earnings results on Monday, April 28th. The credit services provider reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.02. EZCORP had a net margin of 7.25% and a return on equity of 11.04%. The business had revenue of $306.32 million for the quarter, compared to the consensus estimate of $310.35 million. As a group, research analysts predict that EZCORP will post 1.3 EPS for the current fiscal year.

Institutional Investors Weigh In On EZCORP

Several large investors have recently modified their holdings of the stock. GAMMA Investing LLC grew its stake in EZCORP by 97.0% during the fourth quarter. GAMMA Investing LLC now owns 3,156 shares of the credit services provider's stock valued at $39,000 after acquiring an additional 1,554 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of EZCORP in the fourth quarter worth $122,000. Sherbrooke Park Advisers LLC purchased a new stake in EZCORP during the 4th quarter valued at $138,000. LPL Financial LLC grew its holdings in EZCORP by 39.3% in the 4th quarter. LPL Financial LLC now owns 14,430 shares of the credit services provider's stock worth $176,000 after acquiring an additional 4,070 shares during the last quarter. Finally, Teza Capital Management LLC boosted its holdings in shares of EZCORP by 6.6% during the fourth quarter. Teza Capital Management LLC now owns 14,425 shares of the credit services provider's stock worth $176,000 after purchasing an additional 896 shares during the period. Hedge funds and other institutional investors own 99.83% of the company's stock.

About EZCORP

EZCORP, Inc provides pawn services in the United States and Latin America. The company operates through three segments: U.S. Pawn, Latin America Pawn, and Other Investments. The company offers pawn loans collateralized by tangible personal property, jewelry, consumer electronics, tools, sporting goods, and musical instruments.