EZCORP (NASDAQ:EZPW) Stock Rating Reaffirmed by Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their buy rating on shares of EZCORP (NASDAQ:EZPW) in a report published on Friday morning, Benzinga reports. Canaccord Genuity Group currently has a $19.00 price objective on the credit services provider’s stock.

EZCORP Stock Performance

NASDAQ:EZPW traded up $0.45 during mid-day trading on Friday, hitting $11.40. 407,712 shares of the company traded hands, compared to its average volume of 518,659. The stock’s fifty day moving average price is $11.27 and its 200-day moving average price is $10.76. The company has a quick ratio of 1.99, a current ratio of 2.59 and a debt-to-equity ratio of 0.28. EZCORP has a one year low of $7.70 and a one year high of $12.23. The firm has a market cap of $626.34 million, a price-to-earnings ratio of 10.96 and a beta of 1.02.

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

Hedge Funds Weigh In On EZCORP

A number of hedge funds and other institutional investors have recently modified their holdings of EZPW. Vanguard Group Inc. raised its stake in EZCORP by 1.1% during the first quarter. Vanguard Group Inc. now owns 3,301,392 shares of the credit services provider’s stock valued at $37,405,000 after purchasing an additional 34,821 shares in the last quarter. Wasatch Advisors LP increased its stake in EZCORP by 2.4% in the first quarter. Wasatch Advisors LP now owns 2,593,128 shares of the credit services provider’s stock worth $29,380,000 after purchasing an additional 60,329 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of EZCORP by 44.4% during the second quarter. Assenagon Asset Management S.A. now owns 1,460,564 shares of the credit services provider’s stock worth $15,292,000 after purchasing an additional 449,360 shares during the last quarter. Boston Partners boosted its stake in shares of EZCORP by 59.5% during the first quarter. Boston Partners now owns 843,105 shares of the credit services provider’s stock valued at $9,553,000 after purchasing an additional 314,435 shares during the period. Finally, Fourth Sail Capital LP grew its holdings in shares of EZCORP by 21.5% in the second quarter. Fourth Sail Capital LP now owns 718,947 shares of the credit services provider’s stock worth $7,527,000 after purchasing an additional 127,070 shares during the last quarter. 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.