Encore Capital Group (NASDAQ:ECPG) Share Price Passes Above 200-Day Moving Average – Here’s What Happened

Encore Capital Group Inc (NASDAQ:ECPG)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $85.56 and traded as high as $102.32. Encore Capital Group shares last traded at $99.37, with a volume of 361,495 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Weiss Ratings raised Encore Capital Group from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, August 3rd. Citigroup reiterated a “market outperform” rating on shares of Encore Capital Group in a report on Tuesday, August 11th. Citizens Jmp boosted their price target on shares of Encore Capital Group from $108.00 to $115.00 and gave the company a “market outperform” rating in a research report on Wednesday, June 17th. Truist Financial upped their price objective on shares of Encore Capital Group from $105.00 to $112.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Finally, Zacks Research upgraded shares of Encore Capital Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $89.75.

Encore Capital Group Price Performance

The stock has a 50-day simple moving average of $96.82 and a 200 day simple moving average of $85.73. The company has a market cap of $2.00 billion, a PE ratio of 7.15 and a beta of 1.27. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 3.87.

Encore Capital Group (NASDAQ:ECPG) last issued its quarterly earnings data on Wednesday, August 5th. The asset manager reported $2.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.67 by $0.14. The firm had revenue of $491.87 million during the quarter, compared to the consensus estimate of $455.10 million. Encore Capital Group had a return on equity of 29.83% and a net margin of 15.86%.The company’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period last year, the company earned $2.49 EPS. Encore Capital Group has set its FY 2026 guidance at 13.000-14.000 EPS. Equities analysts expect that Encore Capital Group Inc will post 13.52 EPS for the current year.

Hedge Funds Weigh In On Encore Capital Group

Several large investors have recently made changes to their positions in the stock. Allworth Financial LP lifted its stake in Encore Capital Group by 12.1% during the second quarter. Allworth Financial LP now owns 1,461 shares of the asset manager’s stock worth $136,000 after purchasing an additional 158 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Encore Capital Group by 185.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 717 shares of the asset manager’s stock valued at $39,000 after buying an additional 466 shares during the period. IFP Advisors Inc raised its holdings in shares of Encore Capital Group by 1,729.6% in the 4th quarter. IFP Advisors Inc now owns 494 shares of the asset manager’s stock valued at $27,000 after buying an additional 467 shares during the period. Wedge Capital Management L L P NC lifted its stake in Encore Capital Group by 5.1% during the 2nd quarter. Wedge Capital Management L L P NC now owns 11,612 shares of the asset manager’s stock worth $1,083,000 after acquiring an additional 565 shares in the last quarter. Finally, Carnegie Investment Counsel lifted its stake in Encore Capital Group by 2.2% during the 1st quarter. Carnegie Investment Counsel now owns 27,308 shares of the asset manager’s stock worth $1,915,000 after acquiring an additional 582 shares in the last quarter.

Encore Capital Group Company Profile

Encore Capital Group, Inc is a global specialty finance company that purchases and manages portfolios of charged-off consumer receivables. The company acquires accounts from banks, credit unions, telecommunications providers and other credit issuers, then works with consumers to resolve their outstanding obligations through repayment programs and other account-management solutions.

Encore conducts its consumer debt recovery activities through brands and operating businesses including Midland Credit Management in the United States and Cabot Credit Management in Europe.