Canaccord Genuity Group Issues Pessimistic Forecast for EZCORP (NASDAQ:EZPW) Stock Price

EZCORP (NASDAQ:EZPW) had its price target cut by stock analysts at Canaccord Genuity Group from $25.00 to $24.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the credit services provider’s stock. Canaccord Genuity Group’s target price indicates a potential upside of 63.71% from the stock’s current price.

Several other equities analysts have also recently issued reports on EZPW. Roth Mkm began coverage on EZCORP in a research note on Monday, March 17th. They set a “buy” rating and a $16.00 price objective on the stock. Stephens reaffirmed an “equal weight” rating and issued a $13.50 price target on shares of EZCORP in a report on Thursday, February 6th. Roth Capital set a $16.00 price objective on shares of EZCORP in a research note on Monday, March 17th. Finally, StockNews.com upgraded EZCORP from a “hold” rating to a “buy” rating in a research note on Wednesday, April 30th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $17.38.

EZCORP Price Performance

Shares of EZPW stock opened at $14.66 on Tuesday. The firm has a fifty day moving average of $14.92 and a two-hundred day moving average of $13.25. The firm has a market cap of $806.51 million, a P/E ratio of 12.75 and a beta of 0.59. EZCORP has a 1-year low of $9.66 and a 1-year high of $16.60. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.91 and a quick ratio of 2.13.

EZCORP (NASDAQ:EZPW) last posted its quarterly earnings results on Monday, April 28th. The credit services provider reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. EZCORP had a return on equity of 11.04% and a net margin of 7.25%. The business had revenue of $306.32 million during the quarter, compared to the consensus estimate of $310.35 million. As a group, research analysts anticipate that EZCORP will post 1.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On EZCORP

Hedge funds have recently made changes to their positions in the business. Mackenzie Financial Corp raised its stake in EZCORP by 40.6% during the 1st quarter. Mackenzie Financial Corp now owns 53,519 shares of the credit services provider’s stock valued at $788,000 after acquiring an additional 15,460 shares in the last quarter. Royce & Associates LP grew its position in EZCORP by 14.1% in the 1st quarter. Royce & Associates LP now owns 751,515 shares of the credit services provider’s stock valued at $11,062,000 after buying an additional 93,000 shares in the last quarter. Carnegie Investment Counsel acquired a new position in EZCORP during the 1st quarter valued at about $205,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of EZCORP during the 1st quarter worth about $491,000. Finally, Jackson Creek Investment Advisors LLC bought a new position in shares of EZCORP in the first quarter valued at approximately $1,730,000. Institutional investors own 99.83% of the company’s stock.

EZCORP Company Profile

EZCORP, Inc provides pawn services in the United States and Latin America. The company operates through three segments: U.S. Pawn, Latin America Pawn, and Other Investments. The company offers pawn loans collateralized by tangible personal property, jewelry, consumer electronics, tools, sporting goods, and musical instruments.