Encore Capital Group (NASDAQ:ECPG)‘s stock had its “reduce” rating reissued by investment analysts at Keefe, Bruyette & Woods in a research report issued to clients and investors on Sunday, The Fly reports. They currently have a $50.00 price objective on the asset manager’s stock, up from their prior price objective of $45.00. Keefe, Bruyette & Woods’ target price indicates a potential upside of 36.46% from the stock’s current price.
ECPG has been the topic of several other reports. BidaskClub raised Encore Capital Group from a “sell” rating to a “hold” rating in a report on Friday, October 18th. Northland Securities reissued a “buy” rating and set a $40.00 price target on shares of Encore Capital Group in a report on Thursday. ValuEngine cut Encore Capital Group from a “sell” rating to a “strong sell” rating in a report on Thursday, October 10th. Finally, Zacks Investment Research raised Encore Capital Group from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Friday. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. Encore Capital Group presently has an average rating of “Hold” and an average target price of $41.17.
NASDAQ:ECPG traded up $0.53 during mid-day trading on Friday, reaching $36.64. 323,900 shares of the company’s stock traded hands, compared to its average volume of 286,771. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 7.36, a PEG ratio of 0.40 and a beta of 1.46. Encore Capital Group has a 12-month low of $20.38 and a 12-month high of $39.19. The company has a debt-to-equity ratio of 3.91, a current ratio of 0.77 and a quick ratio of 0.77. The company has a 50 day moving average price of $33.44 and a 200-day moving average price of $34.29.
Encore Capital Group (NASDAQ:ECPG) last released its quarterly earnings data on Wednesday, November 6th. The asset manager reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.25. The business had revenue of $355.94 million for the quarter, compared to analysts’ expectations of $348.73 million. Encore Capital Group had a return on equity of 19.85% and a net margin of 11.14%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.19 EPS. As a group, analysts forecast that Encore Capital Group will post 5.64 EPS for the current year.
Large investors have recently bought and sold shares of the company. Benjamin F. Edwards & Company purchased a new stake in shares of Encore Capital Group in the 4th quarter worth $0. Pearl River Capital LLC purchased a new stake in shares of Encore Capital Group in the 1st quarter worth $40,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Encore Capital Group in the 3rd quarter worth $67,000. Russell Investments Group Ltd. purchased a new stake in shares of Encore Capital Group in the 3rd quarter worth $92,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of Encore Capital Group by 615.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,862 shares of the asset manager’s stock worth $97,000 after purchasing an additional 2,462 shares in the last quarter.
Encore Capital Group Company Profile
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.
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