Encore Capital Group Inc (ECPG) Given Consensus Recommendation of “Hold” by Brokerages
Encore Capital Group Inc (NASDAQ:ECPG) has been given a consensus recommendation of “Hold” by the seven analysts that are presently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $38.88.
A number of research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Encore Capital Group from a “sell” rating to a “hold” rating and set a $42.00 price objective for the company in a report on Thursday, May 11th. BidaskClub cut shares of Encore Capital Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Northland Securities reiterated a “hold” rating and set a $44.00 price objective on shares of Encore Capital Group in a report on Friday, August 4th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $49.50 price objective on shares of Encore Capital Group in a report on Thursday, August 10th.
Encore Capital Group (NASDAQ:ECPG) remained flat at $39.05 during trading on Friday. The stock had a trading volume of 134,053 shares. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 16.00 and a beta of 1.76. The company’s 50 day moving average price is $40.36 and its 200-day moving average price is $35.80. Encore Capital Group has a one year low of $17.66 and a one year high of $43.65.
Encore Capital Group (NASDAQ:ECPG) last issued its quarterly earnings data on Thursday, August 3rd. The asset manager reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.05. The firm had revenue of $290.92 million during the quarter, compared to analysts’ expectations of $275.18 million. Encore Capital Group had a net margin of 6.28% and a return on equity of 12.38%. The business’s revenue was up .5% on a year-over-year basis. During the same period last year, the company earned $1.29 earnings per share. Analysts expect that Encore Capital Group will post $3.69 earnings per share for the current year.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mason Street Advisors LLC boosted its position in Encore Capital Group by 7.3% in the first quarter. Mason Street Advisors LLC now owns 5,507 shares of the asset manager’s stock valued at $170,000 after buying an additional 374 shares during the period. State of Alaska Department of Revenue boosted its position in Encore Capital Group by 79.7% in the second quarter. State of Alaska Department of Revenue now owns 4,672 shares of the asset manager’s stock valued at $187,000 after buying an additional 2,072 shares during the period. Nisa Investment Advisors LLC purchased a new position in Encore Capital Group during the second quarter valued at $201,000. Piedmont Investment Advisors LLC purchased a new position in Encore Capital Group during the second quarter valued at $206,000. Finally, UBS Asset Management Americas Inc. purchased a new position in Encore Capital Group during the first quarter valued at $212,000.
Encore Capital Group Company Profile
Encore Capital Group, Inc, through its subsidiaries, is a specialty finance company providing debt recovery solutions for consumers and property owners across a range of financial assets. The Company operates through Portfolio Purchasing and Recovery segment. The Company’s geographical segments include the United States, Europe and other.
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