Encore Capital Group (NASDAQ:ECPG) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a report issued on Friday, March 9th.
Other analysts have also recently issued reports about the stock. Oppenheimer initiated coverage on shares of Encore Capital Group in a research note on Monday, January 8th. They issued a “buy” rating and a $53.00 price objective for the company. Zacks Investment Research upgraded shares of Encore Capital Group from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Monday, February 26th. Janney Montgomery Scott reiterated a “hold” rating on shares of Encore Capital Group in a research note on Saturday, November 18th. Finally, ValuEngine upgraded shares of Encore Capital Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $50.90.
Shares of Encore Capital Group stock traded down $0.50 on Friday, reaching $44.70. The stock had a trading volume of 136,278 shares, compared to its average volume of 222,627. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 6.03. Encore Capital Group has a fifty-two week low of $29.80 and a fifty-two week high of $52.00. The stock has a market capitalization of $1,166.35, a price-to-earnings ratio of 11.17, a PEG ratio of 0.74 and a beta of 1.62.
Encore Capital Group (NASDAQ:ECPG) last issued its quarterly earnings data on Wednesday, February 21st. The asset manager reported $1.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.11. Encore Capital Group had a net margin of 7.01% and a return on equity of 18.70%. The business had revenue of $317.48 million during the quarter, compared to analysts’ expectations of $297.72 million. During the same period in the previous year, the company earned $0.72 earnings per share. Encore Capital Group’s revenue for the quarter was up 17.0% on a year-over-year basis. research analysts predict that Encore Capital Group will post 4.68 earnings per share for the current year.
In related news, insider Paul Grinberg sold 18,773 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $41.88, for a total transaction of $786,213.24. Following the completion of the transaction, the insider now directly owns 200,518 shares in the company, valued at approximately $8,397,693.84. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 8.80% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the business. William Blair Investment Management LLC increased its holdings in Encore Capital Group by 0.4% in the 4th quarter. William Blair Investment Management LLC now owns 2,398,567 shares of the asset manager’s stock valued at $100,980,000 after buying an additional 9,526 shares during the period. MetLife Investment Advisors LLC bought a new stake in Encore Capital Group in the 4th quarter valued at $483,000. Castleark Management LLC increased its holdings in Encore Capital Group by 9.2% in the 4th quarter. Castleark Management LLC now owns 138,290 shares of the asset manager’s stock valued at $5,822,000 after buying an additional 11,655 shares during the period. Millennium Management LLC bought a new stake in Encore Capital Group in the 4th quarter valued at $13,224,000. Finally, Clearbridge LLC increased its holdings in Encore Capital Group by 19.0% in the 4th quarter. Clearbridge LLC now owns 363,250 shares of the asset manager’s stock valued at $15,293,000 after buying an additional 57,940 shares during the period.
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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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