Shares of Encore Capital Group Inc (NASDAQ:ECPG) have been assigned a consensus rating of “Hold” from the eight research firms that are covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $38.88.
ECPG has been the subject of several analyst reports. ValuEngine raised Encore Capital Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Zacks Investment Research downgraded Encore Capital Group from a “buy” rating to a “hold” rating in a research report on Monday, July 10th. BidaskClub downgraded Encore Capital Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Northland Securities reaffirmed a “hold” rating and issued a $44.00 target price on shares of Encore Capital Group in a research report on Friday, August 4th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $49.50 target price on shares of Encore Capital Group in a research report on Thursday, August 10th.
Large investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue lifted its stake in shares of Encore Capital Group by 79.7% in the second quarter. State of Alaska Department of Revenue now owns 4,672 shares of the asset manager’s stock worth $187,000 after acquiring an additional 2,072 shares in the last quarter. Nisa Investment Advisors LLC acquired a new position in shares of Encore Capital Group in the second quarter worth about $201,000. Piedmont Investment Advisors LLC acquired a new position in shares of Encore Capital Group in the second quarter worth about $206,000. Mason Street Advisors LLC lifted its stake in shares of Encore Capital Group by 7.3% in the first quarter. Mason Street Advisors LLC now owns 5,507 shares of the asset manager’s stock worth $170,000 after acquiring an additional 374 shares in the last quarter. Finally, UBS Asset Management Americas Inc. acquired a new position in shares of Encore Capital Group in the first quarter worth about $212,000.
Encore Capital Group (NASDAQ:ECPG) traded up 1.20% during trading on Friday, reaching $46.20. The company had a trading volume of 217,229 shares. The firm’s 50 day moving average is $41.83 and its 200-day moving average is $38.34. Encore Capital Group has a 12 month low of $17.66 and a 12 month high of $46.50. The company has a market capitalization of $1.19 billion, a P/E ratio of 18.93 and a beta of 1.79.
Encore Capital Group (NASDAQ:ECPG) last issued its earnings results on Thursday, August 3rd. The asset manager reported $0.87 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.05. Encore Capital Group had a return on equity of 12.38% and a net margin of 6.28%. The company had revenue of $290.92 million during the quarter, compared to the consensus estimate of $275.18 million. During the same quarter in the prior year, the business earned $1.29 earnings per share. The company’s revenue was up .5% compared to the same quarter last year. On average, equities analysts expect that Encore Capital Group will post $3.69 earnings per share for the current year.
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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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