Shares of Encore Capital Group (NASDAQ:ECPG) have been given a consensus rating of “Buy” by the eight research firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $52.30.
A number of brokerages have recently weighed in on ECPG. Oppenheimer set a $55.00 price objective on Encore Capital Group and gave the company a “buy” rating in a research note on Wednesday, May 16th. BidaskClub cut Encore Capital Group from a “hold” rating to a “sell” rating in a research note on Monday, May 14th. ValuEngine cut Encore Capital Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 11th. Finally, Zacks Investment Research raised Encore Capital Group from a “sell” rating to a “buy” rating and set a $51.00 price objective for the company in a research note on Wednesday, May 9th.
ECPG stock opened at $42.35 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 5.99. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 10.72, a price-to-earnings-growth ratio of 0.70 and a beta of 1.64. Encore Capital Group has a 52-week low of $35.30 and a 52-week high of $52.00.
Encore Capital Group (NASDAQ:ECPG) last posted its earnings results on Tuesday, May 8th. The asset manager reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.06). The business had revenue of $326.79 million for the quarter, compared to analyst estimates of $326.38 million. Encore Capital Group had a return on equity of 18.81% and a net margin of 6.68%. Encore Capital Group’s revenue was up 20.2% compared to the same quarter last year. During the same period last year, the business earned $0.95 EPS. equities research analysts anticipate that Encore Capital Group will post 4.77 earnings per share for the current fiscal year.
In other news, insider Paul Grinberg sold 18,773 shares of Encore Capital Group stock in a transaction on Monday, February 26th. The stock was sold at an average price of $41.88, for a total value of $786,213.24. Following the completion of the sale, the insider now directly owns 200,518 shares of the company’s stock, valued at $8,397,693.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 8.80% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. boosted its holdings in Encore Capital Group by 0.8% in the first quarter. Principal Financial Group Inc. now owns 199,793 shares of the asset manager’s stock valued at $9,031,000 after purchasing an additional 1,593 shares during the period. Xact Kapitalforvaltning AB purchased a new position in Encore Capital Group in the first quarter valued at $228,000. Legal & General Group Plc boosted its holdings in Encore Capital Group by 2.4% in the first quarter. Legal & General Group Plc now owns 48,623 shares of the asset manager’s stock valued at $2,193,000 after purchasing an additional 1,157 shares during the period. Millennium Management LLC boosted its holdings in Encore Capital Group by 72.6% in the first quarter. Millennium Management LLC now owns 542,257 shares of the asset manager’s stock valued at $24,510,000 after purchasing an additional 228,145 shares during the period. Finally, Blair William & Co. IL boosted its holdings in Encore Capital Group by 19.9% in the first quarter. Blair William & Co. IL now owns 89,564 shares of the asset manager’s stock valued at $4,048,000 after purchasing an additional 14,861 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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