Canaccord Genuity analyst Brian McNamara has maintained their bullish stance on EZPW stock, giving a Buy rating on August 5.
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Brian McNamara has given his Buy rating due to a combination of factors that highlight EZCORP’s strong market position and growth potential. The company has shown resilience in its core operations, particularly in its ability to adapt to fluctuations in gold prices, which is crucial given the nature of its business. This adaptability ensures that even if gold prices drop, EZCORP can maintain its lending operations by adjusting loan amounts and leveraging other assets.
Additionally, the company’s strategic focus on expanding its presence in Latin America is progressing well, with positive growth indicators such as increased PLO and improved merchandise margins. The management’s commitment to opening new stores and pursuing acquisitions in the region further underscores its growth strategy. Furthermore, despite trading at a discount compared to larger peers, the increased investor interest and the company’s efforts to streamline operations and enhance profitability make EZCORP an attractive investment opportunity.
According to TipRanks, McNamara is an analyst with an average return of -2.7% and a 47.86% success rate. McNamara covers the Consumer Cyclical sector, focusing on stocks such as SharkNinja, Inc., Planet Fitness, and Holley.
In another report released on August 5, Texas Capital Securities also initiated coverage with a Buy rating on the stock with a $20.00 price target.