Encore Capital Group (NASDAQ:ECPG) Rating Lowered to “Hold” at Zacks Research

Encore Capital Group (NASDAQ:ECPG) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday, Zacks reports.

A number of other analysts have also weighed in on ECPG. Citizens Jmp upped their target price on Encore Capital Group from $108.00 to $115.00 and gave the stock a “market outperform” rating in a report on Wednesday, June 17th. Citigroup reissued a “market outperform” rating on shares of Encore Capital Group in a research report on Tuesday, August 11th. Truist Financial upped their price objective on Encore Capital Group from $105.00 to $112.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, Weiss Ratings upgraded Encore Capital Group from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, August 3rd. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $89.75.

Encore Capital Group Trading Up 1.3%

NASDAQ:ECPG opened at $99.19 on Monday. Encore Capital Group has a one year low of $39.94 and a one year high of $104.98. The company has a debt-to-equity ratio of 3.87, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market cap of $2.10 billion, a P/E ratio of 7.51 and a beta of 1.30. The firm has a 50-day simple moving average of $97.98 and a 200-day simple moving average of $87.71.

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

Hedge Funds Weigh In On Encore Capital Group

Hedge funds have recently modified their holdings of the stock. USA Financial Formulas purchased a new position in shares of Encore Capital Group in the 1st quarter valued at approximately $46,000. Public Employees Retirement System of Ohio acquired a new position in Encore Capital Group during the 2nd quarter valued at approximately $89,000. Allworth Financial LP acquired a new position in Encore Capital Group during the 2nd quarter valued at approximately $136,000. Meeder Asset Management Inc. purchased a new position in shares of Encore Capital Group in the first quarter worth $165,000. Finally, Callan Family Office LLC purchased a new position in shares of Encore Capital Group in the second quarter worth $204,000.

About Encore Capital Group

Encore Capital Group, Inc is a global specialty finance company that purchases portfolios of charged-off consumer receivables and works with individuals to resolve their outstanding obligations. The company manages these accounts through a range of repayment solutions, including flexible payment arrangements and other servicing programs designed to help consumers address unpaid debts.

Encore operates primarily through Midland Credit Management in the United States and Cabot Credit Management in Europe and other international markets.