Zacks Investment Research upgraded shares of Ezcorp Inc. (NASDAQ:EZPW) from a hold rating to a buy rating in a research report report published on Tuesday morning. Zacks Investment Research currently has $11.00 price target on the stock.
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 analysts have also recently issued reports on the stock. Wells Fargo & Co. upgraded shares of Ezcorp from a market perform rating to an outperform rating in a research note on Thursday, July 7th. CL King upgraded shares of Ezcorp from a neutral rating to a buy rating and set a $11.25 target price for the company in a research note on Wednesday, August 17th. Finally, Jefferies Group restated a hold rating and set a $9.00 target price on shares of Ezcorp in a research note on Thursday, August 4th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $10.42.
Shares of Ezcorp (NASDAQ:EZPW) opened at 10.80 on Tuesday. Ezcorp has a 52 week low of $2.44 and a 52 week high of $10.92. The stock’s 50 day moving average price is $10.06 and its 200 day moving average price is $7.18. The firm’s market capitalization is $582.99 million.
Ezcorp (NASDAQ:EZPW) last posted its earnings results on Tuesday, August 9th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.06. Ezcorp had a negative net margin of 23.29% and a negative return on equity of 3.34%. On average, analysts predict that Ezcorp will post ($1.57) EPS for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in Ezcorp by 295.2% in the second quarter. BlackRock Inc. now owns 14,433 shares of the company’s stock worth $110,000 after buying an additional 10,781 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in Ezcorp by 70.6% in the second quarter. BNP Paribas Arbitrage SA now owns 16,631 shares of the company’s stock worth $126,000 after buying an additional 6,885 shares in the last quarter. Profund Advisors LLC raised its position in Ezcorp by 2.2% in the second quarter. Profund Advisors LLC now owns 16,790 shares of the company’s stock worth $127,000 after buying an additional 356 shares in the last quarter. Jefferies Group LLC acquired a new position in Ezcorp during the second quarter worth approximately $128,000. Finally, Sigma Planning Corp raised its position in Ezcorp by 35.5% in the second quarter. Sigma Planning Corp now owns 19,845 shares of the company’s stock worth $150,000 after buying an additional 5,200 shares in the last quarter. 79.56% of the stock is currently owned by institutional investors and hedge funds.
Ezcorp Company Profile
EZCORP, Inc provides pawn loans in the United States and Mexico, and consumer loans in Mexico. The Company operates through four segments: U.S. Pawn, which includes its EZPAWN, value pawn and 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; Grupo Finmart, which includes its Crediamigo and Adex payroll withholding loan 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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