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.

WARNING: “Encore Capital Group Inc (ECPG) Given Consensus Recommendation of “Hold” by Brokerages” was first posted by American Banking News and is owned by of American Banking News. If you are viewing this report on another domain, it was illegally copied and reposted in violation of U.S. & international copyright & trademark legislation. The correct version of this report can be read at https://www.americanbankingnews.com/2017/08/18/encore-capital-group-inc-ecpg-given-consensus-recommendation-of-hold-by-brokerages.html.

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.

Analyst Recommendations for Encore Capital Group (NASDAQ:ECPG)

Receive News & Ratings for Encore Capital Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Encore Capital Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.