Encore Capital Group (NASDAQ:ECPG) Raised to “Hold” at BidaskClub

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BidaskClub upgraded shares of Encore Capital Group (NASDAQ:ECPG) from a sell rating to a hold rating in a research report sent to investors on Friday morning, BidAskClub reports.

A number of other research firms also recently issued reports on ECPG. ValuEngine downgraded shares of Encore Capital Group from a hold rating to a sell rating in a research report on Tuesday, August 27th. Zacks Investment Research upgraded shares of Encore Capital Group from a hold rating to a buy rating and set a $42.00 target price on the stock in a research report on Friday, August 9th. Northland Securities reiterated a buy rating and issued a $40.00 price target on shares of Encore Capital Group in a research report on Thursday, August 8th. Finally, Keefe, Bruyette & Woods set a $45.00 price target on shares of Encore Capital Group and gave the company a buy rating in a research report on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $40.67.

Encore Capital Group stock opened at $34.98 on Friday. 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 1 year low of $20.38 and a 1 year high of $39.19. The company has a market cap of $1.08 billion, a PE ratio of 7.02, a PEG ratio of 0.41 and a beta of 1.48. The company’s 50-day moving average is $35.84 and its two-hundred day moving average is $33.34.

Encore Capital Group (NASDAQ:ECPG) last released its earnings results on Wednesday, August 7th. The asset manager reported $1.28 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.28. Encore Capital Group had a net margin of 11.14% and a return on equity of 19.85%. The company had revenue of $346.87 million for the quarter, compared to the consensus estimate of $353.89 million. During the same period in the prior year, the company posted $1.33 EPS. The company’s revenue was down .8% compared to the same quarter last year. Research analysts forecast that Encore Capital Group will post 5.64 EPS for the current year.

Large investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC raised its position in shares of Encore Capital Group by 615.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,862 shares of the asset manager’s stock valued at $97,000 after acquiring an additional 2,462 shares during the period. Sigma Planning Corp acquired a new stake in shares of Encore Capital Group in the 1st quarter valued at approximately $222,000. Everence Capital Management Inc. acquired a new stake in shares of Encore Capital Group in the 2nd quarter valued at approximately $223,000. Victory Capital Management Inc. acquired a new stake in shares of Encore Capital Group in the 1st quarter valued at approximately $228,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Encore Capital Group in the 1st quarter valued at approximately $283,000.

About Encore Capital Group

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.

See Also: Earnings Per Share

Analyst Recommendations for Encore Capital Group (NASDAQ:ECPG)

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