Northland Securities restated their buy rating on shares of Encore Capital Group (NASDAQ:ECPG) in a research note issued to investors on Thursday, AnalystRatings.com reports. The brokerage currently has a $40.00 price target on the asset manager’s stock.
A number of other analysts have also weighed in on ECPG. ValuEngine lowered shares of Encore Capital Group from a sell rating to a strong sell rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods set a $45.00 price objective on shares of Encore Capital Group and gave the stock a buy rating in a research report on Tuesday, September 10th. BidaskClub raised shares of Encore Capital Group from a sell rating to a hold rating in a research report on Friday, October 18th. Finally, Zacks Investment Research lowered shares of Encore Capital Group from a buy rating to a hold rating in a research report on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. Encore Capital Group presently has a consensus rating of Hold and an average price target of $41.17.
Encore Capital Group stock traded up $0.53 during mid-day trading on Thursday, hitting $36.64. The stock had a trading volume of 323,900 shares, compared to its average volume of 286,771. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 3.91. Encore Capital Group has a one year low of $20.38 and a one year high of $39.19. The firm’s 50 day moving average is $33.44 and its 200 day moving average is $34.29. The firm has a market capitalization of $1.04 billion, a P/E ratio of 7.36, a P/E/G ratio of 0.40 and a beta of 1.46.
Encore Capital Group (NASDAQ:ECPG) last announced its quarterly earnings results on Wednesday, November 6th. The asset manager reported $1.64 EPS for the quarter, beating the Zacks’ consensus estimate of $1.39 by $0.25. Encore Capital Group had a net margin of 11.14% and a return on equity of 19.85%. The firm had revenue of $355.94 million during the quarter, compared to the consensus estimate of $348.73 million. During the same quarter last year, the firm earned $1.19 EPS. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, equities research analysts forecast that Encore Capital Group will post 5.64 earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of ECPG. Crossmark Global Holdings Inc. raised its position in Encore Capital Group by 3.4% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 11,280 shares of the asset manager’s stock worth $382,000 after purchasing an additional 367 shares during the period. New York State Teachers Retirement System raised its position in Encore Capital Group by 0.7% in the 2nd quarter. New York State Teachers Retirement System now owns 43,931 shares of the asset manager’s stock worth $1,488,000 after purchasing an additional 300 shares during the period. Arizona State Retirement System raised its position in Encore Capital Group by 0.8% in the 2nd quarter. Arizona State Retirement System now owns 39,870 shares of the asset manager’s stock worth $1,350,000 after purchasing an additional 327 shares during the period. Janney Capital Management LLC purchased a new stake in Encore Capital Group in the 2nd quarter worth about $393,000. Finally, First Trust Advisors LP purchased a new stake in Encore Capital Group in the 2nd quarter worth about $3,001,000.
Encore Capital Group Company Profile
Encore Capital Group, Inc, a specialty finance company, together with its subsidiaries, provides debt recovery solutions and other related services for consumers across a range of financial assets worldwide. The company purchases portfolios of defaulted consumer receivables at deep discounts to face value, as well as manages them by working with individuals as they repay their obligations and works toward financial recovery.
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