Encore Capital Group (ECPG) Rating Lowered to Buy at BidaskClub
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.
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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.
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