Shares of Encore Capital Group Inc (NASDAQ:ECPG) have been assigned an average recommendation of “Hold” from the eight research firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $38.88.

A number of analysts have commented on ECPG shares. BidaskClub downgraded shares of Encore Capital Group from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. ValuEngine upgraded shares of Encore Capital Group from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Zacks Investment Research downgraded shares of Encore Capital Group from a “hold” rating to a “sell” rating in a report on Tuesday. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $49.50 price target on shares of Encore Capital Group in a research report on Thursday, August 10th. Finally, Northland Securities reissued a “hold” rating and issued a $44.00 price target on shares of Encore Capital Group in a research report on Friday, August 4th.

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Encore Capital Group (NASDAQ:ECPG) last posted its earnings results on Thursday, August 3rd. The asset manager reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.05. Encore Capital Group had a net margin of 6.28% and a return on equity of 12.38%. The business had revenue of $290.92 million for the quarter, compared to analyst estimates of $275.18 million. During the same period in the prior year, the company posted $1.29 EPS. The company’s revenue for the quarter was up .5% on a year-over-year basis.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. First Trust Advisors LP increased its stake in shares of Encore Capital Group by 310.6% during the second quarter. First Trust Advisors LP now owns 83,445 shares of the asset manager’s stock worth $3,350,000 after acquiring an additional 63,120 shares during the period. William Blair Investment Management LLC boosted its holdings in Encore Capital Group by 5.3% during the second quarter. William Blair Investment Management LLC now owns 2,370,092 shares of the asset manager’s stock worth $95,159,000 after buying an additional 119,655 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Encore Capital Group by 29.2% during the second quarter. JPMorgan Chase & Co. now owns 77,640 shares of the asset manager’s stock worth $3,117,000 after buying an additional 17,543 shares in the last quarter. FMR LLC boosted its holdings in Encore Capital Group by 74.9% during the first quarter. FMR LLC now owns 616,608 shares of the asset manager’s stock worth $18,992,000 after buying an additional 264,085 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in Encore Capital Group by 17.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 118,742 shares of the asset manager’s stock worth $4,768,000 after buying an additional 17,822 shares in the last quarter.

About Encore Capital Group

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)

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