BidaskClub upgraded shares of Encore Capital Group (NASDAQ:ECPG) from a sell rating to a hold rating in a report released on Friday morning, BidAskClub reports.
Other analysts have also recently issued research reports about the stock. Northland Securities reiterated a buy rating and issued a $40.00 price objective on shares of Encore Capital Group in a research note on Thursday, November 7th. ValuEngine cut shares of Encore Capital Group from a sell rating to a strong sell rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods reiterated a reduce rating and issued a $50.00 price objective (up previously from $45.00) on shares of Encore Capital Group in a research note on Sunday, November 10th. Finally, Zacks Investment Research lowered shares of Encore Capital Group from a buy rating to a hold rating in a report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $41.80.
Shares of Encore Capital Group stock opened at $36.92 on Friday. Encore Capital Group has a twelve month low of $26.52 and a twelve month high of $39.19. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 3.71. The company has a 50-day simple moving average of $36.22 and a two-hundred day simple moving average of $35.19. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 6.75, a price-to-earnings-growth ratio of 0.48 and a beta of 1.50.
Encore Capital Group (NASDAQ:ECPG) last issued its quarterly earnings data on Wednesday, November 6th. The asset manager reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.25. Encore Capital Group had a net margin of 12.28% and a return on equity of 20.85%. The business had revenue of $355.94 million during the quarter, compared to analysts’ expectations of $348.73 million. During the same quarter in the previous year, the company earned $1.19 EPS. The business’s revenue was up 5.7% on a year-over-year basis. On average, sell-side analysts anticipate that Encore Capital Group will post 5.88 earnings per share for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the business. Harel Insurance Investments & Financial Services Ltd. bought a new position in Encore Capital Group in the 3rd quarter valued at about $67,000. Russell Investments Group Ltd. bought a new position in Encore Capital Group in the 3rd quarter valued at about $92,000. Tower Research Capital LLC TRC increased its holdings in Encore Capital Group by 615.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,862 shares of the asset manager’s stock valued at $97,000 after buying an additional 2,462 shares during the period. Parallax Volatility Advisers L.P. increased its holdings in Encore Capital Group by 115.7% in the 2nd quarter. Parallax Volatility Advisers L.P. now owns 3,589 shares of the asset manager’s stock valued at $122,000 after buying an additional 26,517 shares during the period. Finally, Mason Street Advisors LLC increased its holdings in Encore Capital Group by 9.4% in the 3rd quarter. Mason Street Advisors LLC now owns 9,385 shares of the asset manager’s stock valued at $313,000 after buying an additional 805 shares during the period.
Encore Capital Group Company Profile
Encore Capital Group, Inc, a specialty finance company, together with its subsidiaries, provides debt recovery solutions and other related services for consumers across a range of financial assets worldwide. The company purchases portfolios of defaulted consumer receivables at deep discounts to face value, as well as manages them by working with individuals as they repay their obligations and works toward financial recovery.
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