EZCORP (EZPW) Not Pick of the Litter; Analyst Reiterates Market Perform

January 23, 2013 11:58 AM EST
Get Alerts EZPW Hot Sheet
Price: $9.80 --0%

Rating Summary:
    2 Buy, 8 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 10 | Down: 8 | New: 3
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FBR Capital today maintained a Market Perform rating on EZCORP (NASDAQ: EZPW) and raised its price target to $22.00 (from $20.00). The change comes in response to EZCORP's Q1 earnings report yesterday evening. Despite falling 22 percent year-over-year EPS reached the high end of management guidance, sending shares higher early on Wednesday.

Commenting on the news, analyst Bob Ramsey said, "While EZPW's results this quarter were a step in the right direction, we are still not entirely comfortable with the accelerated growth in largely U.S. consumer lending."

Ramsey thinks the key for EZCORP will be the success of its store buildout and the expansion of its recently acquired online consumer lending platform.

"We are generally less positive on the company than on peers given its greater proportion of revenues in the U.S., weak corporate governance, and heavy exposure to gold," stated the analyst.

For an analyst ratings summary and ratings history on EZCORP (NASDAQ: EZPW) click here. For more ratings news on EZCORP click here.

Shares of EZCORP closed at $20.68 yesterday.

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