Encore Capital Group’s (ECPG) Buy Rating Reiterated at SunTrust Banks, Inc.
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.
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