EZCORP (NASDAQ:EZPW) Given New $26.00 Price Target at Citizens Jmp

EZCORP (NASDAQ:EZPW) had its price objective upped by Citizens Jmp from $23.00 to $26.00 in a report published on Tuesday,Benzinga reports. The firm currently has a market outperform rating on the credit services provider’s stock.

Other equities analysts have also recently issued reports about the company. JMP Securities set a $23.00 target price on EZCORP in a research report on Monday, November 3rd. Citigroup restated an “outperform” rating on shares of EZCORP in a research report on Tuesday. Wall Street Zen cut shares of EZCORP from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 10th. Canaccord Genuity Group increased their price objective on shares of EZCORP from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, November 17th. Finally, Roth Capital restated a “buy” rating and issued a $26.00 target price on shares of EZCORP in a research report on Tuesday, January 6th. Six equities research analysts have rated the stock with 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 price target of $22.67.

EZCORP Stock Performance

NASDAQ EZPW opened at $21.18 on Tuesday. The firm has a 50-day moving average price of $19.88 and a two-hundred day moving average price of $17.74. EZCORP has a 12-month low of $11.60 and a 12-month high of $22.11. The company has a market capitalization of $1.29 billion, a P/E ratio of 15.02 and a beta of 0.55. The company has a quick ratio of 4.37, a current ratio of 5.61 and a debt-to-equity ratio of 0.51.

EZCORP (NASDAQ:EZPW) last released its quarterly earnings results on Thursday, November 13th. The credit services provider reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. The company had revenue of $335.90 million during the quarter, compared to the consensus estimate of $325.09 million. EZCORP had a net margin of 8.60% and a return on equity of 12.00%. Analysts anticipate that EZCORP will post 1.3 earnings per share for the current year.

Hedge Funds Weigh In On EZCORP

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of EZCORP by 11.4% during the third quarter. Vanguard Group Inc. now owns 3,610,029 shares of the credit services provider’s stock worth $68,735,000 after buying an additional 369,817 shares during the last quarter. Wasatch Advisors LP lifted its stake in shares of EZCORP by 5.4% in the 2nd quarter. Wasatch Advisors LP now owns 2,321,138 shares of the credit services provider’s stock valued at $32,217,000 after acquiring an additional 118,641 shares during the last quarter. Capital Research Global Investors boosted its holdings in shares of EZCORP by 27.7% during the 3rd quarter. Capital Research Global Investors now owns 2,148,126 shares of the credit services provider’s stock valued at $40,900,000 after acquiring an additional 465,462 shares in the last quarter. Millennium Management LLC grew 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 worth $37,612,000 after acquiring an additional 437,601 shares during the last quarter. Finally, Fourth Sail Capital LP grew its position in EZCORP by 30.7% during the 2nd quarter. Fourth Sail Capital LP now owns 1,251,362 shares of the credit services provider’s stock worth $17,369,000 after acquiring an additional 294,100 shares during the last quarter. 99.83% of the stock is currently owned by institutional investors and hedge funds.

EZCORP Company Profile

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.