Encore Capital Group Inc. Hits New 52-Week High at $46.00 (ECPG)
Encore Capital Group (NASDAQ:ECPG) set a new 52-week high during mid-day trading on Thursday, AnalystRatingsNetwork reports. The stock traded as high as $46.00 and last traded at $45.39, with a volume of 138,891 shares. The stock had previously closed at $44.89.
ECPG has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Encore Capital Group (NASDAQ:ECPG) from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, August 20th. They now have a $47.30 price target on the stock. Separately, analysts at Raymond James raised their price target on shares of Encore Capital Group (NASDAQ:ECPG) from $43.00 to $48.00 in a research note to investors on Monday, August 12th. Finally, analysts at JMP Securities raised their price target on shares of Encore Capital Group (NASDAQ:ECPG) from $44.00 to $49.00 in a research note to investors on Friday, August 9th.
One equities research analyst has rated the stock with a hold rating and two have assigned a buy rating to the company. Encore Capital Group has an average rating of “Buy” and an average price target of $44.06.
Encore Capital Group has a 1-year low of $24.34 and a 1-year high of $46.00. The stock’s 50-day moving average is $43.02 and its 200-day moving average is $34.92. The company has a market cap of $1.147 billion and a P/E ratio of 15.76.
Encore Capital Group (NASDAQ:ECPG) last announced its earnings results on Thursday, August 8th. The company reported $0.85 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.81 by $0.04. The company had revenue of $156.10 million for the quarter, compared to the consensus estimate of $147.73 million. During the same quarter in the prior year, the company posted $0.82 earnings per share. The company’s quarterly revenue was up 10.6% on a year-over-year basis. Analysts expect that Encore Capital Group will post $3.67 EPS for the current fiscal year.
Encore Capital Group, Inc (NASDAQ:ECPG) is engaged in consumer debt buying and recovery.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.