EZCORP (NASDAQ:EZPW - Get Free Report) had its price target lifted by investment analysts at Canaccord Genuity Group from $17.00 to $18.00 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 target price would indicate a potential upside of 59.86% from the company's previous close.
Other equities analysts have also recently issued reports about the stock. TheStreet upgraded shares of EZCORP from a "c+" rating to a "b-" rating in a research report on Thursday, February 15th. StockNews.com lowered shares of EZCORP from a "strong-buy" rating to a "buy" rating in a report on Friday, March 29th.
View Our Latest Research Report on EZPW
EZCORP Price Performance
Shares of NASDAQ:EZPW traded up $0.44 during midday trading on Tuesday, hitting $11.26. The stock had a trading volume of 728,469 shares, compared to its average volume of 540,991. The company's 50-day moving average price is $10.68 and its 200-day moving average price is $9.28. The company has a market capitalization of $620.99 million, a P/E ratio of 17.87 and a beta of 1.15. The company has a quick ratio of 3.08, a current ratio of 4.00 and a debt-to-equity ratio of 0.42. EZCORP has a fifty-two week low of $7.70 and a fifty-two week high of $11.40.
EZCORP (NASDAQ:EZPW - Get Free Report) last issued its earnings results on Wednesday, January 31st. The credit services provider reported $0.36 EPS for the quarter, beating the consensus estimate of $0.29 by $0.07. The company had revenue of $299.99 million during the quarter, compared to analysts' expectations of $303.66 million. EZCORP had a net margin of 4.62% and a return on equity of 10.37%. As a group, equities research analysts predict that EZCORP will post 1.05 EPS for the current fiscal year.
Insider Activity at EZCORP
In related news, CRO Nicole Swies sold 2,250 shares of EZCORP stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $11.38, for a total transaction of $25,605.00. Following the sale, the executive now directly owns 71,458 shares of the company's stock, valued at approximately $813,192.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.13% of the stock is currently owned by insiders.
Institutional Investors Weigh In On EZCORP
A number of institutional investors have recently added to or reduced their stakes in the business. Jacobs Levy Equity Management Inc. lifted its position in shares of EZCORP by 25.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 710,295 shares of the credit services provider's stock worth $5,860,000 after purchasing an additional 144,641 shares during the period. Hsbc Holdings PLC lifted its position in shares of EZCORP by 149.0% in the 3rd quarter. Hsbc Holdings PLC now owns 56,325 shares of the credit services provider's stock worth $462,000 after purchasing an additional 33,701 shares during the period. Barclays PLC lifted its position in shares of EZCORP by 40.7% in the 3rd quarter. Barclays PLC now owns 100,413 shares of the credit services provider's stock worth $829,000 after purchasing an additional 29,050 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of EZCORP by 28.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 664,019 shares of the credit services provider's stock worth $5,478,000 after purchasing an additional 145,068 shares during the period. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of EZCORP in the 3rd quarter worth approximately $90,000. 99.83% of the stock is owned by institutional investors.
EZCORP Company Profile
(
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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.
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