Encore Capital Group Inc (ECPG) Receives $38.88 Consensus Target Price from Analysts

Shares of Encore Capital Group Inc (NASDAQ:ECPG) have been given an average rating of “Hold” by the nine ratings firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $43.50.

ECPG has been the topic of a number of research reports. ValuEngine upgraded shares of Encore Capital Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Zacks Investment Research lowered shares of Encore Capital Group from a “buy” rating to a “hold” rating in a research report on Monday, July 10th. BidaskClub lowered shares of Encore Capital Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. SunTrust Banks, Inc. restated a “buy” rating and set a $57.00 target price on shares of Encore Capital Group in a research report on Friday. Finally, Northland Securities restated a “hold” rating and set a $44.00 target price on shares of Encore Capital Group in a research report on Friday, August 4th.

Encore Capital Group (NASDAQ ECPG) opened at $48.95 on Wednesday. Encore Capital Group has a one year low of $17.66 and a one year high of $52.00. The company has a debt-to-equity ratio of 5.47, a quick ratio of 0.57 and a current ratio of 0.57. The company has a market cap of $1.26 billion, a PE ratio of 12.29 and a beta of 1.84.

Encore Capital Group (NASDAQ:ECPG) last announced its earnings results on Thursday, August 3rd. The asset manager reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.05. The business had revenue of $290.92 million for the quarter, compared to analyst estimates of $275.18 million. Encore Capital Group had a net margin of 8.18% and a return on equity of 17.27%. The company’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period last year, the firm posted $1.29 earnings per share. sell-side analysts predict that Encore Capital Group will post 3.69 EPS for the current year.

A number of large investors have recently bought and sold shares of the stock. Arizona State Retirement System grew its position in Encore Capital Group by 0.8% in the 2nd quarter. Arizona State Retirement System now owns 12,357 shares of the asset manager’s stock valued at $496,000 after buying an additional 100 shares during the last quarter. OppenheimerFunds Inc. grew its position in Encore Capital Group by 0.9% in the 1st quarter. OppenheimerFunds Inc. now owns 24,780 shares of the asset manager’s stock valued at $764,000 after buying an additional 230 shares during the last quarter. Texas Permanent School Fund grew its position in Encore Capital Group by 1.4% in the 2nd quarter. Texas Permanent School Fund now owns 17,287 shares of the asset manager’s stock valued at $694,000 after buying an additional 237 shares during the last quarter. Legal & General Group Plc grew its position in Encore Capital Group by 1.2% in the 1st quarter. Legal & General Group Plc now owns 40,886 shares of the asset manager’s stock valued at $1,259,000 after buying an additional 498 shares during the last quarter. Finally, New York State Teachers Retirement System grew its position in Encore Capital Group by 1.4% in the 1st quarter. New York State Teachers Retirement System now owns 43,831 shares of the asset manager’s stock valued at $1,350,000 after buying an additional 600 shares during the last quarter.

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About Encore Capital Group

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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