Keefe, Bruyette & Woods set a $45.00 target price on Encore Capital Group (NASDAQ:ECPG) in a research report report published on Tuesday morning, TipRanks reports. The firm currently has a buy rating on the asset manager’s stock.
A number of other analysts have also commented on the company. BidaskClub lowered Encore Capital Group from a hold rating to a sell rating in a report on Thursday, September 5th. Zacks Investment Research raised Encore Capital Group from a hold rating to a buy rating and set a $42.00 price target on the stock in a report on Friday, August 9th. Northland Securities reaffirmed a buy rating and set a $40.00 price objective on shares of Encore Capital Group in a research report on Thursday, August 8th. Finally, ValuEngine cut Encore Capital Group from a hold rating to a sell rating in a research report on Tuesday, August 27th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company’s stock. Encore Capital Group currently has a consensus rating of Hold and an average target price of $40.67.
Shares of NASDAQ:ECPG traded up $0.80 during trading on Tuesday, reaching $36.68. 292,002 shares of the stock traded hands, compared to its average volume of 286,613. The stock has a market cap of $1.09 billion, a P/E ratio of 7.37, a price-to-earnings-growth ratio of 0.41 and a beta of 1.48. The company has a debt-to-equity ratio of 3.91, a quick ratio of 0.77 and a current ratio of 0.77. The stock has a 50-day moving average of $35.90 and a two-hundred day moving average of $33.32. Encore Capital Group has a 52-week low of $20.38 and a 52-week high of $39.19.
Encore Capital Group (NASDAQ:ECPG) last announced its quarterly earnings data on Wednesday, August 7th. The asset manager reported $1.28 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.28. The company had revenue of $346.87 million during the quarter, compared to analyst estimates of $353.89 million. Encore Capital Group had a net margin of 11.14% and a return on equity of 19.85%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the previous year, the business earned $1.33 EPS. Sell-side analysts expect that Encore Capital Group will post 5.64 earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of ECPG. BlackRock Inc. lifted its holdings in Encore Capital Group by 6.0% in the second quarter. BlackRock Inc. now owns 4,063,492 shares of the asset manager’s stock valued at $137,631,000 after acquiring an additional 229,683 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Encore Capital Group by 6.2% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 3,308,104 shares of the asset manager’s stock valued at $112,045,000 after purchasing an additional 191,768 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Encore Capital Group by 1.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,546,966 shares of the asset manager’s stock worth $36,354,000 after purchasing an additional 18,488 shares during the period. Stephens Investment Management Group LLC lifted its stake in shares of Encore Capital Group by 27.4% in the 2nd quarter. Stephens Investment Management Group LLC now owns 699,575 shares of the asset manager’s stock worth $23,695,000 after purchasing an additional 150,305 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Encore Capital Group by 0.9% in the second quarter. Northern Trust Corp now owns 674,384 shares of the asset manager’s stock worth $22,841,000 after buying an additional 5,956 shares during the last quarter.
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.
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