Encore Capital Group Inc. Hits New 52-Week High at $48.97 (ECPG)
Shares of Encore Capital Group (NASDAQ:ECPG) hit a new 52-week high during trading hours on Monday, AnalystRatings.NET reports. The company traded as high as $48.97 and last traded at $48.78, with a volume of 117,765 shares trading hands. The stock had previously closed at $48.12.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Encore Capital Group from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, October 9th. They now have a $51.30 price target on the stock. Separately, analysts at Janney Montgomery Scott raised their price target on shares of Encore Capital Group from $47.00 to $55.00 in a research note to investors on Monday, October 7th. They now have a “buy” rating on the stock. Two equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Encore Capital Group has an average rating of “Hold” and a consensus target price of $47.86.
Encore Capital Group has a one year low of $24.34 and a one year high of $48.62. The stock’s 50-day moving average is $44.88 and its 200-day moving average is $36.77. The company has a market cap of $1.237 billion and a price-to-earnings ratio of 16.90.
Encore Capital Group (NASDAQ:ECPG) last issued its quarterly earnings data 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.
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