Canaccord Genuity Group Has Lowered Expectations for EZCORP (NASDAQ:EZPW) Stock Price

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

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

EZCORP Trading Up 0.3 %

EZCORP stock traded up $0.04 during trading hours on Tuesday, reaching $14.84. The stock had a trading volume of 631,643 shares, compared to its average volume of 697,153. The company has a fifty day simple moving average of $14.98 and a 200-day simple moving average of $13.29. EZCORP has a 52 week low of $9.66 and a 52 week high of $16.60. The stock has a market cap of $816.41 million, a PE ratio of 12.90 and a beta of 0.59. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.91 and a quick ratio of 2.13.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Barclays PLC grew its holdings in EZCORP by 11.3% in the third quarter. Barclays PLC now owns 92,166 shares of the credit services provider's stock worth $1,033,000 after purchasing an additional 9,328 shares during the period. GAMMA Investing LLC boosted its position in shares of EZCORP by 97.0% in the 4th quarter. GAMMA Investing LLC now owns 3,156 shares of the credit services provider's stock worth $39,000 after purchasing an additional 1,554 shares in the last quarter. Inspire Investing LLC purchased a new stake in shares of EZCORP in the 4th quarter worth approximately $865,000. Exchange Traded Concepts LLC increased its position in EZCORP by 4.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 151,628 shares of the credit services provider's stock valued at $1,853,000 after buying an additional 6,205 shares in the last quarter. Finally, R Squared Ltd purchased a new position in EZCORP during the fourth quarter valued at $186,000. 99.83% of the stock is currently owned by institutional investors.

EZCORP Company Profile

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.