EZCORP (NASDAQ:EZPW) Reaches New 52-Week High - Time to Buy?

EZCORP, Inc. (NASDAQ:EZPW - Get Free Report)'s stock price hit a new 52-week high during trading on Monday . The company traded as high as $14.50 and last traded at $14.38, with a volume of 5125 shares. The stock had previously closed at $14.25.

Analysts Set New Price Targets

EZPW has been the subject of a number of recent research reports. Canaccord Genuity Group increased 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. Roth Capital set a $16.00 price target on EZCORP in a research report on Monday, March 17th. Roth Mkm assumed coverage on EZCORP in a research report on Monday, March 17th. They set a "buy" rating and a $16.00 price objective for the company. Finally, Stephens reaffirmed an "equal weight" rating and issued a $13.50 price objective on shares of EZCORP in a research note on Thursday, February 6th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $16.88.

EZCORP Stock Performance

The stock has a market capitalization of $812.00 million, a P/E ratio of 12.85 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 company has a 50-day moving average price of $13.36 and a two-hundred day moving average price of $12.31.

EZCORP (NASDAQ:EZPW - Get Free Report) last released its earnings results on Wednesday, February 5th. The credit services provider reported $0.42 EPS for the quarter, topping the consensus estimate of $0.35 by $0.07. EZCORP had a return on equity of 11.04% and a net margin of 7.25%. On average, equities analysts forecast that EZCORP, Inc. will post 1.3 earnings per share for the current year.

Institutional Investors Weigh In On EZCORP

A number of large investors have recently bought and sold shares of EZPW. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in EZCORP in the third quarter valued at approximately $918,000. Intech Investment Management LLC bought a new stake in EZCORP during the 3rd quarter valued at $662,000. Charles Schwab Investment Management Inc. raised its holdings in EZCORP by 449.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 333,539 shares of the credit services provider's stock worth $3,739,000 after buying an additional 272,815 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in EZCORP during the third quarter worth $273,000. Finally, FMR LLC lifted its stake in shares of EZCORP by 37.8% in the third quarter. FMR LLC now owns 236,747 shares of the credit services provider's stock valued at $2,654,000 after buying an additional 64,926 shares in the last quarter. 99.83% of the stock is currently owned by institutional investors and hedge funds.

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.