Ezcorp Inc. (EZPW) Stock Rating Upgraded by Zacks Investment Research
Ezcorp Inc. (NASDAQ:EZPW) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. The brokerage presently has a $11.00 price objective on the stock. Zacks Investment Research’s price objective would suggest a potential upside of 6.28% from the stock’s previous close.
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. “
Several other equities research analysts have also recently weighed in on the company. CL King upgraded 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. 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. Finally, Wells Fargo & Co. upgraded Ezcorp from a “market perform” rating to an “outperform” rating in a research note on Thursday, July 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. Ezcorp presently has a consensus rating of “Hold” and a consensus target price of $10.42.
Shares of Ezcorp (NASDAQ:EZPW) opened at 10.35 on Tuesday. Ezcorp has a 52 week low of $2.44 and a 52 week high of $10.62. The firm’s market capitalization is $558.70 million. The company’s 50 day moving average price is $10.01 and its 200-day moving average price is $7.15.
Ezcorp (NASDAQ:EZPW) last released its earnings results on Tuesday, August 9th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.06. Ezcorp had a negative return on equity of 3.34% and a negative net margin of 23.29%. On average, equities research analysts expect that Ezcorp will post ($1.57) EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio boosted its position in shares of Ezcorp by 7.7% in the second quarter. Public Employees Retirement System of Ohio now owns 20,337 shares of the company’s stock worth $154,000 after buying an additional 1,462 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Ezcorp by 6.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 569,314 shares of the company’s stock worth $4,305,000 after buying an additional 35,442 shares during the last quarter. Metropolitan Life Insurance Co. NY purchased a new position in shares of Ezcorp during the second quarter worth approximately $286,000. Guggenheim Capital LLC boosted its position in shares of Ezcorp by 0.4% in the second quarter. Guggenheim Capital LLC now owns 443,335 shares of the company’s stock worth $3,352,000 after buying an additional 1,551 shares during the last quarter. Finally, Walleye Trading LLC boosted its position in shares of Ezcorp by 6,796.3% in the second quarter. Walleye Trading LLC now owns 20,089 shares of the company’s stock worth $152,000 after buying an additional 20,389 shares during the last quarter. Institutional investors own 79.56% of the company’s stock.
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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