EZCORP’s (EZPW) Buy Rating Reaffirmed at Canaccord Genuity Group

EZCORP (NASDAQ:EZPW)‘s stock had its “buy” rating reaffirmed by research analysts at Canaccord Genuity Group in a note issued to investors on Friday, Benzinga reports. They presently have a $19.00 price target on the credit services provider’s stock. Canaccord Genuity Group’s price target suggests a potential upside of 65.65% from the company’s previous close.

EZCORP Price Performance

Shares of EZPW traded up $0.52 during trading hours on Friday, hitting $11.47. 150,305 shares of the company were exchanged, compared to its average volume of 517,284. The company has a market cap of $630.18 million, a price-to-earnings ratio of 11.03 and a beta of 1.02. EZCORP has a fifty-two week low of $7.70 and a fifty-two week high of $12.23. The company has a quick ratio of 1.99, a current ratio of 2.59 and a debt-to-equity ratio of 0.28. The firm’s fifty day moving average is $11.24 and its 200 day moving average is $10.75.

EZCORP (NASDAQ:EZPW) last released its earnings results on Wednesday, July 31st. The credit services provider reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.01. The company had revenue of $281.42 million for the quarter, compared to analyst estimates of $281.69 million. EZCORP had a return on equity of 10.64% and a net margin of 6.87%. On average, equities analysts anticipate that EZCORP will post 1.13 earnings per share for the current fiscal year.

Institutional Trading of EZCORP

Several institutional investors and hedge funds have recently modified their holdings of EZPW. Quarry LP raised its position in EZCORP by 169.1% in the second quarter. Quarry LP now owns 4,736 shares of the credit services provider’s stock valued at $50,000 after purchasing an additional 2,976 shares during the last quarter. Innealta Capital LLC bought a new position in EZCORP in the second quarter valued at about $71,000. Allspring Global Investments Holdings LLC raised its position in EZCORP by 63.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 11,412 shares of the credit services provider’s stock valued at $129,000 after purchasing an additional 4,451 shares during the last quarter. Dark Forest Capital Management LP bought a new position in EZCORP in the second quarter valued at about $163,000. Finally, ARS Investment Partners LLC raised its position in EZCORP by 12.7% in the second quarter. ARS Investment Partners LLC now owns 16,874 shares of the credit services provider’s stock valued at $177,000 after purchasing an additional 1,899 shares during the last quarter. 99.83% of the stock is currently owned by institutional investors.

EZCORP Company Profile

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.