Encore Capital Group (NASDAQ:ECPG) Hits New 12-Month High – What’s Next?

Encore Capital Group Inc (NASDAQ:ECPG)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $98.02 and last traded at $96.40, with a volume of 29992 shares. The stock had previously closed at $94.45.

Analysts Set New Price Targets

Several research firms have issued reports on ECPG. Truist Financial upped their price target on Encore Capital Group from $100.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Zacks Research cut Encore Capital Group from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Weiss Ratings cut Encore Capital Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 8th. Citizens Jmp boosted their target price on Encore Capital Group from $108.00 to $115.00 and gave the stock a “market outperform” rating in a research report on Wednesday, June 17th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Encore Capital Group in a report on Wednesday, June 17th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $88.00.

Encore Capital Group Trading Up 1.5%

The company’s 50-day moving average is $85.61 and its 200 day moving average is $74.13. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.90. The firm has a market cap of $2.05 billion, a PE ratio of 7.42 and a beta of 1.27.

Encore Capital Group (NASDAQ:ECPG) last issued its quarterly earnings results on Wednesday, May 6th. The asset manager reported $3.86 earnings per share for the quarter, beating analysts’ consensus estimates of $3.02 by $0.84. The business had revenue of $475.41 million for the quarter, compared to the consensus estimate of $446.26 million. Encore Capital Group had a return on equity of 30.70% and a net margin of 16.00%.Encore Capital Group’s revenue for the quarter was up 21.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.93 earnings per share. Encore Capital Group has set its FY 2026 guidance at 13.000-13.000 EPS. As a group, sell-side analysts predict that Encore Capital Group Inc will post 13.01 EPS for the current year.

Insider Buying and Selling

In other Encore Capital Group news, insider John Yung sold 2,000 shares of Encore Capital Group stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $82.08, for a total transaction of $164,160.00. Following the transaction, the insider owned 64,570 shares of the company’s stock, valued at $5,299,905.60. The trade was a 3.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Encore Capital Group

Large investors have recently made changes to their positions in the business. Royal Bank of Canada lifted its position in shares of Encore Capital Group by 97.9% in the first quarter. Royal Bank of Canada now owns 33,620 shares of the asset manager’s stock worth $1,153,000 after purchasing an additional 16,634 shares in the last quarter. AQR Capital Management LLC grew its position in Encore Capital Group by 263.0% during the first quarter. AQR Capital Management LLC now owns 68,860 shares of the asset manager’s stock valued at $2,361,000 after purchasing an additional 49,892 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Encore Capital Group by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,929 shares of the asset manager’s stock valued at $477,000 after buying an additional 612 shares during the period. Empowered Funds LLC grew its holdings in shares of Encore Capital Group by 2.0% during the 1st quarter. Empowered Funds LLC now owns 90,910 shares of the asset manager’s stock valued at $3,116,000 after acquiring an additional 1,806 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Encore Capital Group by 7.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 78,465 shares of the asset manager’s stock valued at $2,690,000 after acquiring an additional 5,672 shares in the last quarter.

About Encore Capital Group

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.