Analysts Set EZCORP, Inc. (NASDAQ:EZPW) Price Target at $22.17

EZCORP, Inc. (NASDAQ:EZPW) has earned a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $24.00.

Several brokerages recently issued reports on EZPW. JMP Securities set a $23.00 target price on shares of EZCORP in a research note on Monday, November 3rd. Citigroup reiterated an “outperform” rating on shares of EZCORP in a report on Tuesday. Citizens Jmp raised their target price on EZCORP from $23.00 to $26.00 and gave the company a “market outperform” rating in a research note on Tuesday. Wall Street Zen lowered EZCORP from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 10th. Finally, Canaccord Genuity Group upped their target price on EZCORP from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, November 17th.

EZCORP Stock Up 0.4%

Shares of NASDAQ:EZPW opened at $21.27 on Monday. EZCORP has a 1 year low of $11.60 and a 1 year high of $22.11. The company has a debt-to-equity ratio of 0.51, a current ratio of 5.61 and a quick ratio of 4.37. The business’s 50-day moving average is $19.94 and its 200-day moving average is $17.77. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 15.09 and a beta of 0.55.

EZCORP (NASDAQ:EZPW) last issued its 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 return on equity of 12.00% and a net margin of 8.60%.The business had revenue of $335.90 million during the quarter, compared to the consensus estimate of $325.09 million. Equities research analysts predict that EZCORP will post 1.3 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Aster Capital Management DIFC Ltd bought a new stake in shares of EZCORP during the third quarter worth about $29,000. USA Financial Formulas acquired a new position in EZCORP during the 2nd quarter valued at about $31,000. Covestor Ltd increased its holdings in EZCORP by 239.3% during the 3rd quarter. Covestor Ltd now owns 2,728 shares of the credit services provider’s stock worth $52,000 after purchasing an additional 1,924 shares in the last quarter. Farther Finance Advisors LLC increased 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 purchasing an additional 3,154 shares in the last quarter. Finally, CWM LLC raised its stake in shares of EZCORP by 126.3% in the third quarter. CWM LLC now owns 3,422 shares of the credit services provider’s stock worth $65,000 after purchasing an additional 1,910 shares during the last quarter. 99.83% of the stock is currently owned by institutional investors and hedge funds.

About EZCORP

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.