BidaskClub downgraded shares of Encore Capital Group (NASDAQ:ECPG) from a sell rating to a strong sell rating in a research report sent to investors on Thursday morning.
A number of other research firms have also recently weighed in on ECPG. Zacks Investment Research cut Encore Capital Group from a hold rating to a sell rating in a report on Tuesday, October 31st. SunTrust Banks restated a buy rating and issued a $57.00 price target on shares of Encore Capital Group in a report on Friday, November 3rd. ValuEngine upgraded Encore Capital Group from a buy rating to a strong-buy rating in a report on Sunday, December 31st. Janney Montgomery Scott restated a hold rating on shares of Encore Capital Group in a report on Saturday, November 18th. Finally, Northland Securities restated a hold rating and issued a $49.00 price target on shares of Encore Capital Group in a report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Encore Capital Group currently has an average rating of Hold and an average target price of $48.10.
Encore Capital Group (NASDAQ ECPG) traded up $0.35 on Thursday, reaching $41.50. 184,224 shares of the company were exchanged, compared to its average volume of 179,885. The firm has a market cap of $1,059.43, a P/E ratio of 11.69, a PEG ratio of 0.78 and a beta of 1.82. Encore Capital Group has a 12-month low of $28.95 and a 12-month high of $52.00. The company has a debt-to-equity ratio of 5.60, a quick ratio of 0.70 and a current ratio of 0.70.
Encore Capital Group (NASDAQ:ECPG) last posted its earnings results on Thursday, November 2nd. The asset manager reported $1.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.24. Encore Capital Group had a net margin of 8.18% and a return on equity of 17.27%. analysts expect that Encore Capital Group will post 3.91 EPS for the current year.
In other Encore Capital Group news, insider Paul Grinberg sold 37,546 shares of the company’s stock in a transaction that occurred on Wednesday, December 26th. The stock was sold at an average price of $42.43, for a total value of $1,593,076.78. Following the completion of the transaction, the insider now owns 250,171 shares in the company, valued at approximately $10,614,755.53. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders sold 95,365 shares of company stock valued at $4,015,307. 8.80% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the company. Janney Capital Management LLC purchased a new position in shares of Encore Capital Group during the 3rd quarter valued at approximately $217,000. Piedmont Investment Advisors LLC purchased a new position in shares of Encore Capital Group during the 2nd quarter valued at approximately $206,000. Sigma Planning Corp purchased a new position in shares of Encore Capital Group during the 3rd quarter valued at approximately $249,000. Convergence Investment Partners LLC purchased a new position in shares of Encore Capital Group during the 4th quarter valued at approximately $285,000. Finally, Mackenzie Financial Corp boosted its stake in shares of Encore Capital Group by 16.8% during the 3rd quarter. Mackenzie Financial Corp now owns 7,934 shares of the asset manager’s stock valued at $351,000 after buying an additional 1,140 shares during the last quarter.
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Encore Capital Group Company Profile
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.
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