Ezcorp Inc. (EZPW) Trading 2.7% Higher Following Analyst Upgrade
Ezcorp Inc. (NASDAQ:EZPW) shares rose 2.7% during trading on Wednesday after Jefferies Group raised their price target on the stock from $9.00 to $11.00. Jefferies Group currently has a hold rating on the stock. Ezcorp traded as high as $10.90 and last traded at $10.90, with a volume of 216,734 shares. The stock had previously closed at $10.61.
Other research analysts have also recently issued research reports about the stock. CL King raised shares of Ezcorp from a “neutral” rating to a “buy” rating and set a $11.25 target price for the company in a report on Wednesday, August 17th. Zacks Investment Research raised shares of Ezcorp from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a report on Friday, August 12th. Finally, Wells Fargo & Co. raised shares of Ezcorp from a “market perform” rating to an “outperform” rating in a report on Thursday, July 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $11.08.
A number of hedge funds and other institutional investors have recently modified their holdings of EZPW. Profund Advisors LLC raised its position in shares of 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 during the period. BlackRock Advisors LLC raised its position in Ezcorp by 3.7% in the second quarter. BlackRock Advisors LLC now owns 24,642 shares of the company’s stock valued at $186,000 after buying an additional 876 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in Ezcorp by 7.7% in the second quarter. Public Employees Retirement System of Ohio now owns 20,337 shares of the company’s stock valued at $154,000 after buying an additional 1,462 shares during the last quarter. Guggenheim Capital LLC raised its position in Ezcorp by 0.4% in the second quarter. Guggenheim Capital LLC now owns 443,335 shares of the company’s stock valued at $3,352,000 after buying an additional 1,551 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in Ezcorp by 0.9% in the second quarter. Principal Financial Group Inc. now owns 358,710 shares of the company’s stock valued at $2,712,000 after buying an additional 3,099 shares during the last quarter. Institutional investors and hedge funds own 79.56% of the company’s stock.
The stock’s market capitalization is $590.01 million. The stock has a 50-day moving average of $10.30 and a 200-day moving average of $7.69.
Ezcorp (NASDAQ:EZPW) last posted its earnings results on Tuesday, August 9th. The company reported $0.05 earnings per share for the quarter, beating the Zacks’ 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%. Equities research analysts forecast that Ezcorp Inc. will post ($1.57) earnings per share for the current year.
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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