Encore Capital Group Inc (NASDAQ:ECPG)‘s stock had its “buy” rating reaffirmed by stock analysts at SunTrust Banks, Inc. in a research note issued to investors on Friday. They currently have a $57.00 price objective on the asset manager’s stock. SunTrust Banks, Inc.’s target price points to a potential upside of 16.45% from the company’s current price.

A number of other research firms also recently issued reports on ECPG. Zacks Investment Research downgraded shares of Encore Capital Group from a “hold” rating to a “sell” rating in a research report on Tuesday. Northland Securities reissued a “hold” rating and set a $49.00 target price on shares of Encore Capital Group in a research report on Friday. ValuEngine upgraded Encore Capital Group from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Keefe, Bruyette & Woods restated a “buy” rating and issued a $49.50 price target on shares of Encore Capital Group in a report on Thursday, August 10th. Finally, BidaskClub cut Encore Capital Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. 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 given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $43.50.

Shares of Encore Capital Group (NASDAQ ECPG) opened at $48.95 on Friday. The company has a debt-to-equity ratio of 5.47, a quick ratio of 0.57 and a current ratio of 0.57. The stock has a market capitalization of $1.17 billion, a PE ratio of 12.29 and a beta of 1.84.

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 Zacks’ consensus estimate of $0.82 by $0.05. The firm had revenue of $290.92 million during the quarter, compared to the consensus estimate of $275.18 million. Encore Capital Group had a net margin of 8.18% and a return on equity of 17.27%. The company’s revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.29 EPS. research analysts anticipate that Encore Capital Group will post 3.69 earnings per share for the current year.

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Several institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA boosted its stake in shares of Encore Capital Group by 68.3% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 15,918 shares of the asset manager’s stock valued at $705,000 after buying an additional 6,461 shares during the last quarter. USA Financial Portformulas Corp purchased a new position in shares of Encore Capital Group during the 3rd quarter valued at approximately $779,000. Crossmark Global Holdings Inc. purchased a new position in shares of Encore Capital Group during the 3rd quarter valued at approximately $534,000. Peregrine Capital Management LLC boosted its stake in shares of Encore Capital Group by 2.1% during the 3rd quarter. Peregrine Capital Management LLC now owns 233,978 shares of the asset manager’s stock valued at $10,365,000 after buying an additional 4,772 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Encore Capital Group during the 2nd quarter valued at approximately $417,000.

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)

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