EZCORP, Inc. (NASDAQ:EZPW) Receives Average Recommendation of “Moderate Buy” from Brokerages

EZCORP, Inc. (NASDAQ:EZPWGet Free Report) has been assigned an average recommendation of “Moderate Buy” from the eight research firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $38.80.

Several analysts have weighed in on EZPW shares. Roth Capital reissued a “buy” rating and issued a $40.00 price target on shares of EZCORP in a research note on Friday, May 8th. Wall Street Zen cut EZCORP from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 27th. Weiss Ratings reiterated a “buy (a-)” rating on shares of EZCORP in a report on Monday, July 6th. Citizens Jmp boosted their target price on EZCORP from $33.00 to $39.00 and gave the company a “market outperform” rating in a research note on Monday, May 11th. Finally, Canaccord Genuity Group set a $44.00 target price on EZCORP in a report on Friday, May 8th.

Check Out Our Latest Report on EZCORP

Insider Buying and Selling

In other news, Director Jason A. Kulas sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $33.56, for a total value of $671,200.00. Following the transaction, the director owned 172,948 shares in the company, valued at approximately $5,804,134.88. This trade represents a 10.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Pablo Lagos Espinosa sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $35.54, for a total transaction of $355,400.00. Following the completion of the transaction, the director owned 207,543 shares in the company, valued at $7,376,078.22. This represents a 4.60% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 40,000 shares of company stock worth $1,346,600 over the last ninety days. Insiders own 2.13% of the company’s stock.

Institutional Investors Weigh In On EZCORP

Institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its holdings in EZCORP by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,563,724 shares of the credit services provider’s stock valued at $69,209,000 after purchasing an additional 84,566 shares during the period. Capital Research Global Investors grew its position in shares of EZCORP by 47.5% in the 4th quarter. Capital Research Global Investors now owns 3,167,748 shares of the credit services provider’s stock worth $61,518,000 after buying an additional 1,019,622 shares during the period. Wasatch Advisors LP increased its stake in shares of EZCORP by 5.4% during the second quarter. Wasatch Advisors LP now owns 2,321,138 shares of the credit services provider’s stock valued at $32,217,000 after purchasing an additional 118,641 shares in the last quarter. Millennium Management LLC increased its position in EZCORP by 28.5% during the 3rd quarter. Millennium Management LLC now owns 1,975,421 shares of the credit services provider’s stock valued at $37,612,000 after buying an additional 437,601 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in EZCORP by 8.6% in the third quarter. Invesco Ltd. now owns 1,246,427 shares of the credit services provider’s stock worth $23,732,000 after acquiring an additional 99,059 shares in the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.

EZCORP Stock Performance

Shares of EZPW opened at $32.09 on Monday. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 17.44 and a beta of 0.64. The company has a debt-to-equity ratio of 0.45, a quick ratio of 3.52 and a current ratio of 4.71. EZCORP has a fifty-two week low of $13.07 and a fifty-two week high of $37.13. The firm has a 50 day moving average price of $32.74 and a 200-day moving average price of $28.10.

EZCORP (NASDAQ:EZPWGet Free Report) last released its earnings results on Wednesday, May 6th. The credit services provider reported $0.58 EPS for the quarter, beating the consensus estimate of $0.36 by $0.22. The company had revenue of $434.90 million for the quarter. EZCORP had a net margin of 9.91% and a return on equity of 13.45%. As a group, equities research analysts forecast that EZCORP will post 2 earnings per share for the current year.

About EZCORP

(Get Free Report)

EZCORP, Inc is a specialty consumer finance company that provides pawn loans and retail merchandise programs primarily through its EZPAWN and Cash Converters brands. The company offers collateral-based loans secured principally by jewelry, electronics, musical instruments and other personal items, alongside check-cashing, money-transfer and bill-payment services. In addition to its pawn lending operations, EZCORP acquires previously pawned or consumer merchandise for resale through its “Sell-It-Now” platform and retail storefronts.

Founded in 1989 and headquartered in San Antonio, Texas, EZCORP operates in two principal geographic markets: the United States and Mexico.

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Analyst Recommendations for EZCORP (NASDAQ:EZPW)

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