Encore Capital Group, Inc. (ECPG) Receives Consensus Rating of “Hold” from Brokerages

Encore Capital Group, Inc. (NASDAQ:ECPG) has earned an average recommendation of “Hold” from the eight brokerages that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $52.30.

A number of brokerages have recently issued reports on ECPG. Oppenheimer set a $55.00 price objective on shares of Encore Capital Group and gave the company a “buy” rating in a research report on Wednesday, May 9th. BidaskClub downgraded shares of Encore Capital Group from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 30th. Zacks Investment Research raised shares of Encore Capital Group from a “sell” rating to a “buy” rating and set a $51.00 price objective for the company in a research report on Wednesday, May 9th. Finally, ValuEngine downgraded shares of Encore Capital Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 11th.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Profund Advisors LLC purchased a new position in shares of Encore Capital Group during the 1st quarter valued at $212,000. 6 Meridian purchased a new position in shares of Encore Capital Group during the 1st quarter valued at $220,000. Xact Kapitalforvaltning AB purchased a new position in shares of Encore Capital Group during the 1st quarter valued at $228,000. Cambria Investment Management L.P. purchased a new position in shares of Encore Capital Group during the 1st quarter valued at $229,000. Finally, Victory Capital Management Inc. purchased a new position in shares of Encore Capital Group during the 1st quarter valued at $279,000.

Shares of ECPG stock traded up $0.30 during mid-day trading on Thursday, reaching $38.45. 231,600 shares of the company’s stock traded hands, compared to its average volume of 228,939. Encore Capital Group has a 12 month low of $37.30 and a 12 month high of $52.00. The company has a debt-to-equity ratio of 5.99, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 9.59, a PEG ratio of 0.63 and a beta of 1.54.

Encore Capital Group (NASDAQ:ECPG) last issued its quarterly earnings data on Tuesday, May 8th. The asset manager reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.06). Encore Capital Group had a net margin of 6.68% and a return on equity of 18.81%. The business had revenue of $326.79 million for the quarter, compared to the consensus estimate of $326.38 million. During the same period in the previous year, the firm earned $0.95 EPS. The company’s revenue was up 20.2% on a year-over-year basis. equities research analysts expect that Encore Capital Group will post 4.77 EPS for the current year.

About Encore Capital Group

Encore Capital Group, Inc, a specialty finance company, together with its subsidiaries, provides debt recovery solutions and other related services for consumers across a range of financial assets worldwide. The company purchases portfolios of defaulted consumer receivables at deep discounts to face value, as well as manages them by working with individuals as they repay their obligations and works toward financial recovery.

Analyst Recommendations for Encore Capital Group (NASDAQ:ECPG)

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