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

EZCORP (NASDAQ:EZPW) had its target price lifted by research analysts at Canaccord Genuity Group from $17.00 to $18.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the credit services provider’s stock. Canaccord Genuity Group’s price objective points to a potential upside of 62.75% from the company’s current price.

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

EZCORP Trading Down 1.8 %

NASDAQ EZPW opened at $11.06 on Tuesday. EZCORP has a 12 month low of $7.70 and a 12 month high of $11.40. The company has a current ratio of 4.00, a quick ratio of 3.08 and a debt-to-equity ratio of 0.42. The stock’s fifty day moving average price is $10.70 and its 200-day moving average price is $9.29. The stock has a market cap of $609.96 million, a P/E ratio of 17.56 and a beta of 1.15.

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

Insider Buying and Selling at EZCORP

In related news, CRO Nicole Swies sold 2,250 shares of the 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 owns 71,458 shares in the company, valued at $813,192.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.13% of the company’s stock.

Institutional Trading of EZCORP

Large investors have recently modified their holdings of the company. Quarry LP bought a new stake in EZCORP during the first quarter valued at approximately $26,000. Tower Research Capital LLC TRC grew its position in shares of EZCORP by 128.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,418 shares of the credit services provider’s stock valued at $27,000 after acquiring an additional 1,924 shares during the period. Belpointe Asset Management LLC increased its stake in shares of EZCORP by 3,041.0% in the 1st quarter. Belpointe Asset Management LLC now owns 3,675 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 3,558 shares in the last quarter. Fortis Capital Advisors LLC raised its holdings in EZCORP by 3,041.0% in the 1st quarter. Fortis Capital Advisors LLC now owns 3,675 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 3,558 shares during the period. Finally, UBS Group AG raised its holdings in EZCORP by 2,053.5% in the 3rd quarter. UBS Group AG now owns 4,307 shares of the credit services provider’s stock worth $34,000 after purchasing an additional 4,107 shares during the period. Institutional investors own 99.83% of the company’s stock.

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.