Encore Capital Group (ECPG) Upgraded by BidaskClub to “Sell”

BidaskClub upgraded shares of Encore Capital Group (NASDAQ:ECPG) from a strong sell rating to a sell rating in a report issued on Monday morning.

Several other brokerages have also issued reports on ECPG. Oppenheimer initiated coverage on Encore Capital Group in a report on Monday, January 8th. They issued a buy rating and a $53.00 price target on the stock. ValuEngine upgraded Encore Capital Group from a buy rating to a strong-buy rating in a report on Sunday, December 31st. Zacks Investment Research lowered Encore Capital Group from a hold rating to a sell rating in a report on Tuesday, October 31st. Northland Securities reiterated a hold rating and issued a $49.00 price target on shares of Encore Capital Group in a report on Friday, November 3rd. Finally, SunTrust Banks reissued a buy rating and issued a $57.00 price objective on shares of Encore Capital Group in a research note on Friday, November 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $48.10.

Encore Capital Group (NASDAQ ECPG) opened at $39.90 on Monday. The stock has a market capitalization of $1,055.56, a P/E ratio of 11.11, a price-to-earnings-growth ratio of 0.78 and a beta of 1.80. 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 fifty-two week low of $28.95 and a fifty-two week high of $52.00.

In other news, insider Paul Grinberg sold 19,273 shares of the stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $40.82, for a total value of $786,723.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders sold 95,365 shares of company stock valued at $4,015,307. Company insiders own 8.80% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Janney Capital Management LLC purchased a new stake in shares of Encore Capital Group in the third quarter worth approximately $217,000. Piedmont Investment Advisors LLC purchased a new stake in shares of Encore Capital Group during the second quarter valued at approximately $206,000. Sigma Planning Corp purchased a new stake in shares of Encore Capital Group during the third quarter valued at approximately $249,000. Convergence Investment Partners LLC purchased a new stake in shares of Encore Capital Group during the fourth quarter valued at approximately $285,000. Finally, Mackenzie Financial Corp increased its position in shares of Encore Capital Group by 16.8% during the third quarter. Mackenzie Financial Corp now owns 7,934 shares of the asset manager’s stock valued at $351,000 after acquiring an additional 1,140 shares during the last quarter.

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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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