Stephens Initiates Coverage on EZCORP (NASDAQ:EZPW)

Research analysts at Stephens began coverage on shares of EZCORP (NASDAQ:EZPW) in a research note issued on Wednesday, Marketbeat reports. The brokerage set an “equal weight” rating and a $13.00 price target on the credit services provider’s stock. Stephens’ price target would indicate a potential upside of 8.15% from the company’s current price.

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a $19.00 price objective on shares of EZCORP in a research note on Friday, October 4th.

EZCORP Stock Performance

NASDAQ:EZPW opened at $12.02 on Wednesday. The stock has a market capitalization of $657.97 million, a P/E ratio of 10.83 and a beta of 1.03. EZCORP has a 1 year low of $7.72 and a 1 year high of $12.23. The firm has a 50 day moving average of $11.34 and a 200-day moving average of $10.88. The company has a current ratio of 2.59, a quick ratio of 1.99 and a debt-to-equity ratio of 0.28.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Assenagon Asset Management S.A. raised 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 acquiring an additional 449,360 shares during the last quarter. Boston Partners lifted its position in EZCORP by 59.5% during the 1st 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. Charles Schwab Investment Management Inc. boosted its stake in shares of EZCORP by 449.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 333,539 shares of the credit services provider’s stock valued at $3,739,000 after purchasing an additional 272,815 shares during the last quarter. American Century Companies Inc. grew its position in shares of EZCORP by 62.0% during the 2nd quarter. American Century Companies Inc. now owns 565,636 shares of the credit services provider’s stock worth $5,922,000 after buying an additional 216,480 shares during the period. Finally, Acadian Asset Management LLC raised its stake in shares of EZCORP by 40.3% during the first quarter. Acadian Asset Management LLC now owns 551,267 shares of the credit services provider’s stock worth $6,244,000 after buying an additional 158,216 shares during the last quarter. 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.