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.

Analyst Recommendations for Encore Capital Group (NASDAQ:ECPG)

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