Canaccord Genuity Group Increases EZCORP (NASDAQ:EZPW) Price Target to $28.00

EZCORP (NASDAQ:EZPW) had its target price increased by equities research analysts at Canaccord Genuity Group from $27.00 to $28.00 in a research report issued on Monday, MarketBeat.com reports. The brokerage currently has a “buy” rating on the credit services provider’s stock. Canaccord Genuity Group’s price target would suggest a potential upside of 56.51% from the company’s current price.

Several other brokerages also recently weighed in on EZPW. JMP Securities set a $23.00 target price on EZCORP in a research report on Monday, November 3rd. Citizens Jmp started coverage on EZCORP in a research report on Monday, November 3rd. They set a “market outperform” rating and a $23.00 price target on the stock. Weiss Ratings restated a “buy (b)” rating on shares of EZCORP in a report on Wednesday, October 8th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of EZCORP in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, EZCORP has a consensus rating of “Moderate Buy” and a consensus target price of $20.50.

EZCORP Stock Performance

Shares of EZPW stock opened at $17.89 on Monday. The company has a current ratio of 6.31, a quick ratio of 5.00 and a debt-to-equity ratio of 0.52. The company has a market cap of $1.09 billion, a PE ratio of 13.98 and a beta of 0.58. The company’s fifty day simple moving average is $18.08 and its 200-day simple moving average is $15.71. EZCORP has a 52 week low of $11.56 and a 52 week high of $19.44.

EZCORP (NASDAQ:EZPW) last announced its quarterly earnings results on Thursday, November 13th. The credit services provider reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. EZCORP had a net margin of 7.96% and a return on equity of 11.85%. The firm had revenue of $335.90 million during the quarter, compared to analysts’ expectations of $325.09 million. As a group, equities research analysts anticipate that EZCORP will post 1.3 EPS for the current year.

Insider Transactions at EZCORP

In related news, Director Matthew W. Appel sold 9,038 shares of the company’s stock in a transaction on Friday, September 19th. The shares were sold at an average price of $18.02, for a total value of $162,864.76. Following the sale, the director directly owned 133,371 shares of the company’s stock, valued at $2,403,345.42. This represents a 6.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.13% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On EZCORP

Several hedge funds and other institutional investors have recently modified their holdings of EZPW. Aster Capital Management DIFC Ltd bought a new position in shares of EZCORP during the third quarter worth about $29,000. USA Financial Formulas acquired a new stake in EZCORP during the second quarter valued at approximately $31,000. Covestor Ltd raised its stake in EZCORP by 239.3% during the third quarter. Covestor Ltd now owns 2,728 shares of the credit services provider’s stock valued at $52,000 after buying an additional 1,924 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in EZCORP by 15,019.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,175 shares of the credit services provider’s stock worth $60,000 after buying an additional 3,154 shares during the last quarter. Finally, CWM LLC grew its position in shares of EZCORP by 126.3% in the 3rd quarter. CWM LLC now owns 3,422 shares of the credit services provider’s stock worth $65,000 after acquiring an additional 1,910 shares in the last quarter. 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.