Zacks Investment Research Upgrades EZCORP, Inc. (EZPW) to Buy

EZCORP, Inc. (NASDAQ:EZPW) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Friday. The firm presently has a $10.00 target price on the credit services provider’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 8.70% from the company’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 research analysts have also commented on the company. Jefferies Group LLC restated a “hold” rating and set a $10.50 price target on shares of EZCORP in a research report on Friday, June 16th. TheStreet upgraded EZCORP from a “d+” rating to a “c-” rating in a research note on Friday, May 19th. BidaskClub cut EZCORP from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Finally, Sidoti began coverage on EZCORP in a research note on Thursday, August 10th. They issued a “neutral” rating on the stock. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $9.50.

Shares of EZCORP (NASDAQ:EZPW) opened at 9.20 on Friday. EZCORP has a 1-year low of $7.55 and a 1-year high of $12.00. The company has a market cap of $499.52 million, a P/E ratio of 21.20 and a beta of 1.95. The firm has a 50-day moving average price of $8.72 and a 200-day moving average price of $8.57.

EZCORP (NASDAQ:EZPW) last issued its quarterly earnings data on Monday, July 31st. The credit services provider reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.11 by $0.01. EZCORP had a return on equity of 3.65% and a net margin of 3.16%. The business had revenue of $183.60 million during the quarter, compared to analysts’ expectations of $182.10 million. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities analysts expect that EZCORP will post $0.54 EPS for the current year.

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Several large investors have recently made changes to their positions in EZPW. Wellington Management Group LLP boosted its stake in shares of EZCORP by 2.2% during the 1st quarter. Wellington Management Group LLP now owns 13,848 shares of the credit services provider’s stock worth $113,000 after acquiring an additional 300 shares in the last quarter. Trexquant Investment LP acquired a new position in shares of EZCORP during the 2nd quarter worth approximately $114,000. Algert Global LLC acquired a new position in shares of EZCORP during the 2nd quarter worth approximately $124,000. Hartford Investment Management Co. acquired a new position in shares of EZCORP during the 2nd quarter worth approximately $128,000. Finally, Oxford Asset Management acquired a new position in shares of EZCORP during the 1st quarter worth approximately $130,000. 89.43% of the stock is currently owned by institutional investors and hedge funds.

About EZCORP

EZCORP, Inc provides pawn loans in the United States and Mexico, and consumer loans in Mexico. The Company operates through three segments: U.S. Pawn, which includes its EZPAWN, Value Pawn & 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, and Other International, which includes its CASHMAX financial services operations in Canada and its equity interest in Cash Converters International.

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