Shares of Encore Capital Group Inc (NASDAQ:ECPG – Get Free Report) reached a new 52-week high on Tuesday. The stock traded as high as $105.74 and last traded at $105.60, with a volume of 211,777 shares trading hands. The stock had previously closed at $100.85.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on ECPG shares. Citizens Jmp increased their price objective on shares of Encore Capital Group from $108.00 to $115.00 and gave the stock a “market outperform” rating in a research note on Wednesday, June 17th. Zacks Research lowered Encore Capital Group from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Truist Financial increased their price target on Encore Capital Group from $105.00 to $112.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Northland Securities set a $124.00 price target on Encore Capital Group in a report on Tuesday. Finally, Weiss Ratings upgraded Encore Capital Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Encore Capital Group has an average rating of “Moderate Buy” and an average target price of $103.25.
Get Our Latest Research Report on ECPG
Encore Capital Group Stock Performance
Encore Capital Group (NASDAQ:ECPG – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The asset manager reported $2.81 earnings per share for the quarter, topping the consensus estimate of $2.67 by $0.14. Encore Capital Group had a net margin of 15.86% and a return on equity of 29.83%. The company had revenue of $491.87 million during the quarter, compared to analyst estimates of $455.10 million. During the same quarter last year, the business posted $2.49 earnings per share. The company’s revenue was up 11.3% on a year-over-year basis. Encore Capital Group has set its FY 2026 guidance at 13.000-14.000 EPS. Equities analysts forecast that Encore Capital Group Inc will post 13.52 EPS for the current year.
Hedge Funds Weigh In On Encore Capital Group
Several institutional investors have recently bought and sold shares of the business. NorthCrest Asset Manangement LLC acquired a new position in Encore Capital Group in the third quarter worth $211,000. GAMMA Investing LLC grew its holdings in shares of Encore Capital Group by 26.8% during the third quarter. GAMMA Investing LLC now owns 1,339 shares of the asset manager’s stock worth $126,000 after purchasing an additional 283 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Encore Capital Group by 40.4% in the third quarter. Farther Finance Advisors LLC now owns 386 shares of the asset manager’s stock valued at $36,000 after buying an additional 111 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Encore Capital Group in the second quarter valued at $219,000. Finally, Tidal Investments LLC raised its holdings in shares of Encore Capital Group by 26.7% in the second quarter. Tidal Investments LLC now owns 4,713 shares of the asset manager’s stock valued at $440,000 after buying an additional 993 shares during the last quarter.
About Encore Capital Group
Encore Capital Group, Inc is a global specialty finance company that purchases portfolios of charged-off consumer receivables and works with individuals to resolve their outstanding obligations. The company manages these accounts through a range of repayment solutions, including flexible payment arrangements and other servicing programs designed to help consumers address unpaid debts.
Encore operates primarily through Midland Credit Management in the United States and Cabot Credit Management in Europe and other international markets.
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