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.

A number of hedge funds have recently modified their holdings of ECPG. Schwab Charles Investment Management Inc. boosted its position in Encore Capital Group by 17.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 118,742 shares of the asset manager’s stock worth $4,768,000 after purchasing an additional 17,822 shares in the last quarter. Legal & General Group Plc boosted its position in Encore Capital Group by 8.7% during the second quarter. Legal & General Group Plc now owns 44,447 shares of the asset manager’s stock worth $1,784,000 after purchasing an additional 3,561 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of Encore Capital Group by 20.7% during the second quarter. BNP Paribas Arbitrage SA now owns 9,457 shares of the asset manager’s stock valued at $380,000 after acquiring an additional 1,619 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Encore Capital Group by 3.5% during the second quarter. Principal Financial Group Inc. now owns 185,181 shares of the asset manager’s stock valued at $7,435,000 after acquiring an additional 6,182 shares during the last quarter. Finally, Westpac Banking Corp acquired a new position in shares of Encore Capital Group during the second quarter valued at approximately $336,000.

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.

Analyst Recommendations for Encore Capital Group (NASDAQ:ECPG)

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