Encore Capital Group Inc (ECPG) Stock Rating Reaffirmed by Northland Securities
Encore Capital Group Inc (NASDAQ:ECPG)‘s stock had its “hold” rating reaffirmed by investment analysts at Northland Securities in a research note issued on Friday. They presently have a $49.00 target price on the asset manager’s stock. Northland Securities’ price objective would suggest a potential upside of 0.10% from the stock’s previous close.
ECPG has been the topic of several other research reports. BidaskClub cut Encore Capital Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. ValuEngine upgraded Encore Capital Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Zacks Investment Research cut Encore Capital Group from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $49.50 price objective on shares of Encore Capital Group in a research note on Thursday, August 10th. One analyst has rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Encore Capital Group currently has an average rating of “Hold” and an average price target of $43.50.
Encore Capital Group (ECPG) traded up $3.15 during midday trading on Friday, reaching $48.95. The company’s stock had a trading volume of 774,112 shares, compared to its average volume of 273,794. The company has a market cap of $1,260.22, a PE ratio of 13.27 and a beta of 1.84. The company has a debt-to-equity ratio of 5.47, a current ratio of 0.57 and a quick ratio of 0.57. Encore Capital Group has a 12-month low of $17.66 and a 12-month high of $52.00.
Encore Capital Group (NASDAQ:ECPG) last released its earnings results on Thursday, August 3rd. The asset manager reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.05. The firm had revenue of $290.92 million for the quarter, compared to analysts’ expectations of $275.18 million. Encore Capital Group had a return on equity of 17.27% and a net margin of 8.18%. The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.29 EPS. sell-side analysts forecast that Encore Capital Group will post 3.79 earnings per share for the current fiscal year.
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A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Broad Run Investment Management LLC raised its stake in Encore Capital Group by 0.6% in the 2nd quarter. Broad Run Investment Management LLC now owns 2,912,052 shares of the asset manager’s stock valued at $116,919,000 after acquiring an additional 17,188 shares during the period. BlackRock Inc. grew its holdings in Encore Capital Group by 1.1% in the 2nd quarter. BlackRock Inc. now owns 2,511,735 shares of the asset manager’s stock valued at $100,846,000 after buying an additional 27,239 shares in the last quarter. William Blair Investment Management LLC grew its holdings in Encore Capital Group by 5.3% in the 2nd quarter. William Blair Investment Management LLC now owns 2,370,092 shares of the asset manager’s stock valued at $95,159,000 after buying an additional 119,655 shares in the last quarter. Vanguard Group Inc. grew its holdings in Encore Capital Group by 3.4% in the 2nd quarter. Vanguard Group Inc. now owns 2,199,637 shares of the asset manager’s stock valued at $88,317,000 after buying an additional 71,478 shares in the last quarter. Finally, FMR LLC grew its holdings in Encore Capital Group by 110.6% in the 2nd quarter. FMR LLC now owns 1,298,705 shares of the asset manager’s stock valued at $52,142,000 after buying an additional 682,097 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.
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