EZCORP (NASDAQ:EZPW) Hits New 12-Month High – Time to Buy?

EZCORP, Inc. (NASDAQ:EZPW) hit a new 52-week high on Monday . The stock traded as high as $14.50 and last traded at $14.38, with a volume of 5125 shares changing hands. The stock had previously closed at $14.25.

Analysts Set New Price Targets

Several brokerages have weighed in on EZPW. Roth Mkm began coverage on EZCORP in a report on Monday, March 17th. They issued a “buy” rating and a $16.00 price objective for the company. Roth Capital set a $16.00 price objective on EZCORP in a report on Monday, March 17th. Canaccord Genuity Group lifted their price objective on EZCORP from $19.00 to $22.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, Stephens reissued an “equal weight” rating and set a $13.50 price target on shares of EZCORP in a report on Thursday, February 6th. One equities research 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. According to data from MarketBeat.com, EZCORP presently has an average rating of “Buy” and an average price target of $16.88.

EZCORP Price Performance

The firm has a market cap of $793.32 million, a P/E ratio of 12.57 and a beta of 0.89. The company has a current ratio of 2.91, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27. The business has a 50-day moving average of $13.14 and a two-hundred day moving average of $12.22.

EZCORP (NASDAQ:EZPW) last issued its quarterly earnings data on Wednesday, February 5th. The credit services provider reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.07. EZCORP had a return on equity of 11.04% and a net margin of 7.25%. On average, sell-side analysts anticipate that EZCORP, Inc. will post 1.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On EZCORP

Institutional investors have recently made changes to their positions in the stock. Inspire Investing LLC bought a new stake in shares of EZCORP in the 4th quarter valued at about $865,000. Invenomic Capital Management LP bought a new stake in shares of EZCORP during the 3rd quarter valued at about $2,122,000. Intech Investment Management LLC bought a new stake in shares of EZCORP during the 3rd quarter valued at about $662,000. Barclays PLC boosted its position in shares of EZCORP by 11.3% during the 3rd quarter. Barclays PLC now owns 92,166 shares of the credit services provider’s stock valued at $1,033,000 after purchasing an additional 9,328 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of EZCORP during the 3rd quarter valued at about $918,000. Institutional investors own 99.83% of the company’s stock.

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.