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Research analysts at Citigroup Inc. initiated coverage on shares of Encore Capital Group (NASDAQ:ECPG) in a report released on Friday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.

Separately, analysts at TheStreet downgraded shares of Encore Capital Group from a “buy” rating to a “hold” rating in a research note on Monday, May 12th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $53.08.

Encore Capital Group (NASDAQ:ECPG) opened at 42.63 on Friday. Encore Capital Group has a 52-week low of $34.62 and a 52-week high of $51.95. The stock has a 50-day moving average of $44.55 and a 200-day moving average of $46.10. The company has a market cap of $1.096 billion and a P/E ratio of 14.80.

Encore Capital Group (NASDAQ:ECPG) last announced its earnings results on Thursday, May 8th. The company reported $1.08 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.06 by $0.02. The company had revenue of $253.70 million for the quarter, compared to the consensus estimate of $246.99 million. During the same quarter in the prior year, the company posted $0.86 earnings per share. The company’s quarterly revenue was up 75.4% on a year-over-year basis. On average, analysts predict that Encore Capital Group will post $4.41 earnings per share for the current fiscal year.

Encore Capital Group, Inc (NASDAQ:ECPG) is engaged in consumer debt buying and recovery.

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