Encore Capital Group (ECPG) Stock Rating Lowered by BidaskClub

Encore Capital Group (NASDAQ:ECPG) was downgraded by BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued on Thursday.

ECPG has been the subject of a number of other research reports. Zacks Investment Research raised shares of Encore Capital Group from a “sell” rating to a “hold” rating in a research note on Monday, November 6th. Janney Montgomery Scott reaffirmed a “hold” rating on shares of Encore Capital Group in a research note on Saturday, November 18th. ValuEngine raised shares of Encore Capital Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. SunTrust Banks reaffirmed a “buy” rating and set a $57.00 target price on shares of Encore Capital Group in a research note on Friday, November 3rd. Finally, Northland Securities reaffirmed a “hold” rating and set a $49.00 target price on shares of Encore Capital Group in a research note on Friday, November 3rd. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $43.50.

Shares of Encore Capital Group (NASDAQ ECPG) traded up $0.45 on Thursday, reaching $45.05. 187,045 shares of the company’s stock traded hands, compared to its average volume of 280,496. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 5.60. Encore Capital Group has a twelve month low of $26.30 and a twelve month high of $52.00. The stock has a market capitalization of $1,155.97, a price-to-earnings ratio of 12.17 and a beta of 1.80.

A number of large investors have recently bought and sold shares of ECPG. Nisa Investment Advisors LLC bought a new stake in Encore Capital Group in the 2nd quarter worth approximately $201,000. Piedmont Investment Advisors LLC purchased a new position in shares of Encore Capital Group during the 2nd quarter worth $206,000. Janney Capital Management LLC purchased a new position in shares of Encore Capital Group during the 3rd quarter worth $217,000. Sigma Planning Corp purchased a new position in shares of Encore Capital Group during the 3rd quarter worth $249,000. Finally, Westpac Banking Corp purchased a new position in shares of Encore Capital Group during the 2nd quarter worth $336,000.

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About Encore Capital Group

Encore Capital Group, Inc, through its subsidiaries, is a specialty finance company providing debt recovery solutions for consumers and property owners across a range of financial assets. The Company operates through Portfolio Purchasing and Recovery segment. The Company’s geographical segments include the United States, Europe and other.

Analyst Recommendations for Encore Capital Group (NASDAQ:ECPG)

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