Encore Capital Group Inc (NASDAQ:ECPG) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Monday.

According to Zacks, “Encore Capital Group is a leading provider of debt management and recovery solutions for consumers and property owners across a broad range of assets. Through its subsidiaries, the company purchases portfolios of consumer receivables from major banks, credit unions, and utility providers, and partners with individuals as they repay their obligations and work toward financial recovery. Through its Propel Financial Services subsidiary, the company assists property owners who are delinquent on their property taxes by structuring affordable monthly payment plans. Encore’s success and future growth are driven by its sophisticated and widespread use of analytics, its broad investments in data and behavioral science, the significant cost advantages provided by its highly-efficient operating model and proven investment strategy, and the company’s demonstrated commitment to conducting business ethically and in ways that support its consumers’ financial recovery. “

Several other equities analysts have also recently issued reports on the company. SunTrust Banks, Inc. reiterated a “buy” rating and set a $57.00 target price on shares of Encore Capital Group in a research report on Friday. Northland Securities reiterated 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 research report on Friday, September 1st. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $49.50 target price on shares of Encore Capital Group in a research report on Thursday, August 10th. Finally, BidaskClub cut Encore Capital Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Six investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $43.50.

Encore Capital Group (NASDAQ:ECPG) traded down $0.05 during midday trading on Monday, reaching $48.90. The company’s stock had a trading volume of 295,750 shares, compared to its average volume of 304,901. The company has a debt-to-equity ratio of 5.60, a current ratio of 0.70 and a quick ratio of 0.70. Encore Capital Group has a 52 week low of $17.66 and a 52 week high of $52.00. The firm has a market cap of $1,260.24, a PE ratio of 13.27 and a beta of 1.84.

Encore Capital Group (NASDAQ:ECPG) last released its earnings results on Thursday, August 3rd. The asset manager reported $0.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.05. Encore Capital Group had a return on equity of 17.27% and a net margin of 8.18%. The company had revenue of $290.92 million for the quarter, compared to analysts’ expectations of $275.18 million. During the same quarter in the previous year, the firm posted $1.29 EPS. The firm’s quarterly revenue was up .5% on a year-over-year basis. research analysts predict that Encore Capital Group will post 3.79 earnings per share for the current year.

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Several large investors have recently made changes to their positions in ECPG. Russell Investments Group Ltd. purchased a new stake in shares of Encore Capital Group during the 1st quarter worth approximately $232,000. UBS Asset Management Americas Inc. purchased a new stake in shares of Encore Capital Group during the 1st quarter worth approximately $212,000. Parametric Portfolio Associates LLC boosted its stake in shares of Encore Capital Group by 7.8% during the 1st quarter. Parametric Portfolio Associates LLC now owns 52,655 shares of the asset manager’s stock worth $1,622,000 after acquiring an additional 3,805 shares in the last quarter. OppenheimerFunds Inc. boosted its stake in shares of Encore Capital Group by 0.9% during the 1st quarter. OppenheimerFunds Inc. now owns 24,780 shares of the asset manager’s stock worth $764,000 after acquiring an additional 230 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Encore Capital Group by 3.9% during the 1st quarter. Principal Financial Group Inc. now owns 178,999 shares of the asset manager’s stock worth $5,513,000 after acquiring an additional 6,738 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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Analyst Recommendations for Encore Capital Group (NASDAQ:ECPG)

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