Canaccord Genuity Group Increases EZCORP (NASDAQ:EZPW) Price Target to $18.00

EZCORP (NASDAQ:EZPW) had its price target boosted by Canaccord Genuity Group from $17.00 to $18.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a buy rating on the credit services provider’s stock.

A number of other equities analysts have also commented on EZPW. TheStreet raised shares of EZCORP from a c+ rating to a b- rating in a research report on Thursday, February 15th. StockNews.com lowered shares of EZCORP from a strong-buy rating to a buy rating in a research report on Friday, March 29th.

EZCORP Stock Performance

EZCORP stock opened at $11.20 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 4.00 and a quick ratio of 3.08. EZCORP has a 1-year low of $7.70 and a 1-year high of $11.40. The firm has a market capitalization of $617.68 million, a P/E ratio of 17.78 and a beta of 1.15. The company’s 50-day moving average is $10.74 and its 200 day moving average is $9.32.

EZCORP (NASDAQ:EZPW) last issued its earnings results on Wednesday, January 31st. The credit services provider reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.07. The business had revenue of $299.99 million for the quarter, compared to analyst estimates of $303.66 million. EZCORP had a net margin of 4.62% and a return on equity of 10.37%. Research analysts forecast that EZCORP will post 1.05 EPS for the current year.

Insider Activity at EZCORP

In related news, CRO Nicole Swies sold 2,250 shares of EZCORP stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $11.38, for a total transaction of $25,605.00. Following the transaction, the executive now directly owns 71,458 shares of the company’s stock, valued at $813,192.04. The sale was disclosed in a filing with the SEC, which is accessible through this link. 2.13% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On EZCORP

Institutional investors have recently bought and sold shares of the business. Jacobs Levy Equity Management Inc. increased its holdings in EZCORP by 25.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 710,295 shares of the credit services provider’s stock valued at $5,860,000 after buying an additional 144,641 shares during the period. Hsbc Holdings PLC boosted its stake in EZCORP by 149.0% in the third quarter. Hsbc Holdings PLC now owns 56,325 shares of the credit services provider’s stock valued at $462,000 after acquiring an additional 33,701 shares in the last quarter. Barclays PLC boosted its stake in EZCORP by 40.7% in the third quarter. Barclays PLC now owns 100,413 shares of the credit services provider’s stock valued at $829,000 after acquiring an additional 29,050 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in EZCORP by 28.0% in the third quarter. Assenagon Asset Management S.A. now owns 664,019 shares of the credit services provider’s stock valued at $5,478,000 after acquiring an additional 145,068 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new stake in EZCORP in the third quarter valued at approximately $90,000. 99.83% of the stock is owned by hedge funds and other institutional investors.

About EZCORP

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.