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.
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