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

EZCORP (NASDAQ:EZPW) had its price target upped by Citizens Jmp from $23.00 to $26.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “market outperform” rating on the credit services provider’s stock. Citizens Jmp’s price target indicates a potential upside of 21.95% from the stock’s current price.

EZPW has been the topic of a number of other reports. Canaccord Genuity Group boosted their price target on EZCORP from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, November 17th. JMP Securities set a $23.00 target price on shares of EZCORP in a research note on Monday, November 3rd. Citigroup restated an “outperform” rating on shares of EZCORP in a report on Tuesday. Roth Capital reissued a “buy” rating and set a $26.00 price objective on shares of EZCORP in a report on Tuesday, January 6th. Finally, Wall Street Zen cut shares of EZCORP from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 10th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, EZCORP currently has an average rating of “Moderate Buy” and a consensus price target of $22.67.

EZCORP Trading Down 0.5%

Shares of EZPW opened at $21.32 on Tuesday. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 15.12 and a beta of 0.55. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.37 and a current ratio of 5.61. EZCORP has a fifty-two week low of $11.60 and a fifty-two week high of $22.11. The firm has a 50 day moving average price of $19.81 and a 200-day moving average price of $17.69.

EZCORP (NASDAQ:EZPW) last announced its quarterly earnings data on Thursday, November 13th. The credit services provider reported $0.34 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $335.90 million for the quarter, compared to analysts’ expectations of $325.09 million. As a group, equities research analysts forecast that EZCORP will post 1.3 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in EZPW. Ellsworth Advisors LLC raised its position in EZCORP by 2.2% in the fourth quarter. Ellsworth Advisors LLC now owns 44,792 shares of the credit services provider’s stock valued at $965,000 after purchasing an additional 971 shares during the period. Exchange Traded Concepts LLC boosted its stake in EZCORP by 2.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 196,781 shares of the credit services provider’s stock worth $3,821,000 after buying an additional 5,432 shares during the period. SG Americas Securities LLC raised its stake in shares of EZCORP by 73.3% in the 4th quarter. SG Americas Securities LLC now owns 21,759 shares of the credit services provider’s stock valued at $423,000 after acquiring an additional 9,202 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of EZCORP by 121.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 644,120 shares of the credit services provider’s stock worth $12,509,000 after acquiring an additional 353,327 shares during the last quarter. Finally, Harbour Capital Advisors LLC purchased a new position in shares of EZCORP in the fourth quarter valued at approximately $1,207,000. 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.