BidaskClub Downgrades EZCorp. (NASDAQ:EZPW) to Buy

EZCorp. (NASDAQ:EZPW) was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a note issued to investors on Friday, May 11th.

Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of EZCorp. from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Monday, May 7th. Jefferies Group restated a “buy” rating and issued a $16.00 price objective on shares of EZCorp. in a research report on Wednesday, April 11th. Finally, ValuEngine upgraded shares of EZCorp. from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $16.50.

EZCorp. stock opened at $13.35 on Friday. The company has a quick ratio of 2.37, a current ratio of 3.27 and a debt-to-equity ratio of 0.29. EZCorp. has a 1-year low of $7.55 and a 1-year high of $15.10. The company has a market capitalization of $727.09 million, a P/E ratio of 16.69 and a beta of 1.61.

EZCorp. (NASDAQ:EZPW) last posted its quarterly earnings data on Wednesday, May 2nd. The credit services provider reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. EZCorp. had a net margin of 5.33% and a return on equity of 6.81%. The company had revenue of $202.73 million during the quarter, compared to the consensus estimate of $201.59 million. During the same period in the previous year, the firm posted $0.15 EPS. The firm’s revenue was up 6.9% compared to the same quarter last year. sell-side analysts forecast that EZCorp. will post 0.88 EPS for the current year.

A number of large investors have recently bought and sold shares of the stock. Engineers Gate Manager LP boosted its stake in EZCorp. by 8.8% during the first quarter. Engineers Gate Manager LP now owns 52,255 shares of the credit services provider’s stock worth $690,000 after acquiring an additional 4,232 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of EZCorp. by 6.3% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 73,821 shares of the credit services provider’s stock worth $901,000 after buying an additional 4,376 shares in the last quarter. Teachers Advisors LLC lifted its stake in shares of EZCorp. by 5.4% in the fourth quarter. Teachers Advisors LLC now owns 88,238 shares of the credit services provider’s stock worth $1,077,000 after buying an additional 4,514 shares in the last quarter. Crossmark Global Holdings Inc. lifted its stake in shares of EZCorp. by 32.2% in the fourth quarter. Crossmark Global Holdings Inc. now owns 26,136 shares of the credit services provider’s stock worth $319,000 after buying an additional 6,363 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its stake in shares of EZCorp. by 17.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 49,477 shares of the credit services provider’s stock worth $653,000 after buying an additional 7,476 shares in the last quarter. 94.03% of the stock is currently owned by institutional investors and hedge funds.

EZCorp. Company Profile

EZCORP, Inc provides pawn loans. The company operates through three segments: U.S. Pawn, Mexico Pawn, and Other International. It offers pawn loans, which are non-recourse loans collateralized by tangible personal property, such as jewelry, consumer electronics, power tools, sporting goods, and musical instruments; and sells merchandise, including collateral forfeited from pawn lending operations and used merchandise purchased from customers.

Receive News & Ratings for EZCorp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EZCorp. and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply