Oppenheimer started coverage on shares of Encore Capital Group (NASDAQ:ECPG) in a report released on Monday, January 8th. The brokerage issued a buy rating and a $53.00 price target on the asset manager’s stock.
Several other equities analysts have also recently issued reports on ECPG. ValuEngine raised shares of Encore Capital Group from a buy rating to a strong-buy rating in a research note on Sunday, December 31st. BidaskClub lowered shares of Encore Capital Group from a buy rating to a hold rating in a research report on Wednesday, December 20th. Northland Securities restated a hold rating and set a $49.00 target price on shares of Encore Capital Group in a research report on Friday, November 3rd. Zacks Investment Research upgraded shares of Encore Capital Group from a sell rating to a hold rating in a research report on Monday, November 6th. Finally, Janney Montgomery Scott restated a hold rating on shares of Encore Capital Group in a research report on Saturday, November 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $48.10.
Encore Capital Group (NASDAQ ECPG) opened at $41.00 on Monday. The company has a debt-to-equity ratio of 5.60, a current ratio of 0.70 and a quick ratio of 0.70. The stock has a market cap of $1,067.15, a price-to-earnings ratio of 11.23, a price-to-earnings-growth ratio of 0.79 and a beta of 1.80. Encore Capital Group has a 12 month low of $28.95 and a 12 month high of $52.00.
Encore Capital Group (NASDAQ:ECPG) last announced its quarterly earnings data on Thursday, November 2nd. The asset manager reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.24. The company had revenue of $306.70 million for the quarter, compared to analysts’ expectations of $282.30 million. Encore Capital Group had a net margin of 8.18% and a return on equity of 17.27%. equities research analysts anticipate that Encore Capital Group will post 3.91 earnings per share for the current fiscal year.
In other Encore Capital Group news, insider Paul Grinberg sold 38,546 shares of the business’s stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $42.43, for a total transaction of $1,635,506.78. Following the sale, the insider now directly owns 250,171 shares in the company, valued at approximately $10,614,755.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 95,365 shares of company stock worth $4,015,307 over the last 90 days. Insiders own 8.80% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in ECPG. FMR LLC boosted its position in shares of Encore Capital Group by 110.6% in the 2nd quarter. FMR LLC now owns 1,298,705 shares of the asset manager’s stock worth $52,142,000 after buying an additional 682,097 shares in the last quarter. Hennessy Advisors Inc. purchased a new stake in shares of Encore Capital Group in the 4th quarter worth about $26,527,000. Ameriprise Financial Inc. boosted its position in shares of Encore Capital Group by 13.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 839,303 shares of the asset manager’s stock worth $33,696,000 after buying an additional 102,413 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Encore Capital Group by 3.4% in the 2nd quarter. Vanguard Group Inc. now owns 2,199,637 shares of the asset manager’s stock worth $88,317,000 after buying an additional 71,478 shares in the last quarter. Finally, James Investment Research Inc. purchased a new stake in shares of Encore Capital Group in the 4th quarter worth about $2,381,000.
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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.
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