Encore Capital Group (NASDAQ:ECPG) Price Target Raised to $108.00 at Citizens Jmp

Encore Capital Group (NASDAQ:ECPG) had its target price upped by Citizens Jmp from $90.00 to $108.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have a market outperform rating on the asset manager’s stock.

Several other equities research analysts have also recently issued reports on ECPG. Zacks Research cut shares of Encore Capital Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Northland Securities set a $70.00 price target on Encore Capital Group in a report on Thursday, January 22nd. Truist Financial lifted their price target on Encore Capital Group from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday. Wall Street Zen upgraded Encore Capital Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 18th. Finally, Citigroup reiterated an “outperform” rating on shares of Encore Capital Group in a report on Thursday. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Encore Capital Group has a consensus rating of “Moderate Buy” and an average price target of $86.25.

Encore Capital Group Price Performance

NASDAQ ECPG traded down $0.14 on Thursday, hitting $82.09. The company had a trading volume of 272,673 shares, compared to its average volume of 274,044. The company has a market capitalization of $1.76 billion, a PE ratio of 6.37 and a beta of 1.33. The company’s fifty day moving average price is $73.99 and its 200-day moving average price is $60.15. The company has a debt-to-equity ratio of 4.10, a current ratio of 0.68 and a quick ratio of 0.68. Encore Capital Group has a 12-month low of $35.67 and a 12-month high of $92.64.

Encore Capital Group (NASDAQ:ECPG) last issued its quarterly earnings results on Wednesday, May 6th. The asset manager reported $3.86 EPS for the quarter, topping the consensus estimate of $3.02 by $0.84. Encore Capital Group had a net margin of 16.00% and a return on equity of 31.46%. The company had revenue of $475.41 million during the quarter, compared to analyst estimates of $446.26 million. During the same quarter in the previous year, the firm earned $1.93 EPS. The firm’s revenue was up 21.0% compared to the same quarter last year. Encore Capital Group has set its FY 2026 guidance at 13.000-13.000 EPS. As a group, analysts predict that Encore Capital Group will post 11.97 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Ryan B. Bell sold 7,240 shares of the firm’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $69.04, for a total transaction of $499,849.60. Following the completion of the transaction, the insider directly owned 48,170 shares in the company, valued at $3,325,656.80. This trade represents a 13.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.54% of the stock is owned by company insiders.

Institutional Investors Weigh In On Encore Capital Group

A number of hedge funds have recently bought and sold shares of the stock. Stephens Investment Management Group LLC increased its holdings in shares of Encore Capital Group by 4.8% in the 3rd quarter. Stephens Investment Management Group LLC now owns 1,308,252 shares of the asset manager’s stock valued at $54,606,000 after acquiring an additional 59,421 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Encore Capital Group by 78.0% in the 4th quarter. AQR Capital Management LLC now owns 412,498 shares of the asset manager’s stock valued at $22,419,000 after purchasing an additional 180,733 shares during the period. Heartland Advisors Inc. boosted its position in shares of Encore Capital Group by 0.7% in the 1st quarter. Heartland Advisors Inc. now owns 388,425 shares of the asset manager’s stock valued at $27,236,000 after purchasing an additional 2,595 shares during the period. Barclays PLC boosted its position in shares of Encore Capital Group by 11.8% in the 4th quarter. Barclays PLC now owns 371,916 shares of the asset manager’s stock valued at $20,214,000 after purchasing an additional 39,214 shares during the period. Finally, Allianz Asset Management GmbH boosted its position in shares of Encore Capital Group by 16.5% in the 3rd quarter. Allianz Asset Management GmbH now owns 274,318 shares of the asset manager’s stock valued at $11,450,000 after purchasing an additional 38,908 shares during the period.

Encore Capital Group Company Profile

Encore Capital Group, Inc is a global specialty finance company that focuses on the purchase and management of nonperforming consumer receivables. Through its subsidiaries, the company acquires charged-off debt portfolios from credit card issuers, banks, and other financial institutions, and seeks to recover outstanding balances through a combination of customer outreach, payment arrangements, and, where appropriate, legal collection efforts. Encore’s business model emphasizes compliance with regulatory and industry standards to ensure ethical and transparent debt-recovery practices.

Headquartered in San Diego, California, Encore operates across North America and Europe.