Encore Capital Group (NASDAQ:ECPG) was downgraded by investment analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a note issued to investors on Thursday.

Other research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Encore Capital Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 31st. Keefe, Bruyette & Woods reissued a “buy” rating and set a $49.50 target price on shares of Encore Capital Group in a research report on Thursday, August 10th. Janney Montgomery Scott reissued a “hold” rating on shares of Encore Capital Group in a research report on Saturday, November 18th. SunTrust Banks reissued a “buy” rating and set a $57.00 target price on shares of Encore Capital Group in a research report on Friday, November 3rd. Finally, Northland Securities restated a “hold” rating and set a $49.00 price objective on shares of Encore Capital Group in a report on Friday, November 3rd. Five equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $43.50.

Encore Capital Group (NASDAQ ECPG) traded up $0.15 during trading on Thursday, reaching $45.20. 230,005 shares of the company’s stock were exchanged, compared to its average volume of 342,269. The firm has a market cap of $1,160.00, a price-to-earnings ratio of 12.21 and a beta of 1.80. The company has a debt-to-equity ratio of 5.60, a quick ratio of 0.70 and a current ratio of 0.70. Encore Capital Group has a 52-week low of $26.30 and a 52-week high of $52.00.

Several large investors have recently bought and sold shares of ECPG. Teachers Advisors LLC increased its holdings in shares of Encore Capital Group by 3.3% during the 1st quarter. Teachers Advisors LLC now owns 49,441 shares of the asset manager’s stock worth $1,523,000 after purchasing an additional 1,591 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in shares of Encore Capital Group by 22.8% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 100,920 shares of the asset manager’s stock worth $3,109,000 after purchasing an additional 18,730 shares during the period. Bank of America Corp DE increased its holdings in shares of Encore Capital Group by 71.0% during the 1st quarter. Bank of America Corp DE now owns 51,570 shares of the asset manager’s stock worth $1,589,000 after purchasing an additional 21,415 shares during the period. State Street Corp increased its holdings in shares of Encore Capital Group by 6.4% during the 1st quarter. State Street Corp now owns 549,437 shares of the asset manager’s stock worth $16,925,000 after purchasing an additional 33,201 shares during the period. Finally, Nisa Investment Advisors LLC bought a new position in shares of Encore Capital Group during the 2nd quarter worth about $201,000.

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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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