Encore Capital Group, Inc. (ECPG) Given Average Rating of “Buy” by Analysts
Shares of Encore Capital Group, Inc. (NASDAQ:ECPG) have received an average rating of “Buy” from the eight analysts that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $52.13.
A number of analysts have recently commented on the company. ValuEngine upgraded Encore Capital Group from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Oppenheimer assumed coverage on Encore Capital Group in a research note on Monday, January 8th. They issued a “buy” rating and a $53.00 target price on the stock. BidaskClub downgraded Encore Capital Group from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. Northland Securities reiterated a “hold” rating and set a $49.00 price target on shares of Encore Capital Group in a research report on Friday, November 3rd. Finally, Zacks Investment Research upgraded Encore Capital Group from a “sell” rating to a “hold” rating in a research report on Monday, November 6th.
In other Encore Capital Group news, insider Paul Grinberg sold 38,546 shares of the stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $42.43, for a total transaction of $1,635,506.78. Following the transaction, the insider now owns 250,171 shares in the company, valued at $10,614,755.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 8.80% of the company’s stock.
Shares of Encore Capital Group (ECPG) traded down $0.60 on Monday, hitting $42.45. The stock had a trading volume of 143,100 shares, compared to its average volume of 203,822. Encore Capital Group has a 1 year low of $28.95 and a 1 year high of $52.00. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 5.60. The stock has a market capitalization of $1,092.90, a P/E ratio of 11.96, a price-to-earnings-growth ratio of 0.81 and a beta of 1.82.
Encore Capital Group (NASDAQ:ECPG) last issued its earnings results on Thursday, November 2nd. The asset manager reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.24. Encore Capital Group had a return on equity of 17.27% and a net margin of 8.18%. equities research analysts expect that Encore Capital Group will post 3.91 EPS for the current fiscal year.
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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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