Encore Capital Group (ECPG) Rating Lowered to Buy at BidaskClub

Encore Capital Group (NASDAQ:ECPG) was downgraded by equities researchers at BidaskClub from a “strong-buy” rating to a “buy” rating in a report released on Thursday.

Several other research firms also recently commented on ECPG. SunTrust Banks reiterated a “buy” rating and issued a $57.00 price objective on shares of Encore Capital Group in a report on Friday, November 3rd. Zacks Investment Research upgraded shares of Encore Capital Group from a “sell” rating to a “hold” rating in a report on Monday, November 6th. Janney Montgomery Scott reiterated a “hold” rating on shares of Encore Capital Group in a report on Saturday, November 18th. Northland Securities reiterated a “hold” rating and issued a $49.00 price objective on shares of Encore Capital Group in a report on Friday, November 3rd. Finally, ValuEngine upgraded shares of Encore Capital Group from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Five equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $43.50.

Encore Capital Group (ECPG) opened at $45.20 on Thursday. Encore Capital Group has a fifty-two week low of $26.30 and a fifty-two week high of $52.00. The company has a market cap of $1,159.83, a price-to-earnings ratio of 12.21 and a beta of 1.80. The company has a debt-to-equity ratio of 5.60, a current ratio of 0.70 and a quick ratio of 0.70.

Hedge funds have recently added to or reduced their stakes in the stock. First Trust Advisors LP grew its stake in shares of Encore Capital Group by 310.6% in the second quarter. First Trust Advisors LP now owns 83,445 shares of the asset manager’s stock valued at $3,350,000 after acquiring an additional 63,120 shares in the last quarter. State Street Corp grew its stake in shares of Encore Capital Group by 3.5% in the second quarter. State Street Corp now owns 568,689 shares of the asset manager’s stock valued at $22,830,000 after acquiring an additional 19,252 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Encore Capital Group by 29.2% in the second quarter. JPMorgan Chase & Co. now owns 77,640 shares of the asset manager’s stock valued at $3,117,000 after acquiring an additional 17,543 shares in the last quarter. William Blair Investment Management LLC grew its stake in shares of Encore Capital Group by 5.3% in the second quarter. William Blair Investment Management LLC now owns 2,370,092 shares of the asset manager’s stock valued at $95,159,000 after acquiring an additional 119,655 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of Encore Capital Group by 17.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 118,742 shares of the asset manager’s stock valued at $4,768,000 after acquiring an additional 17,822 shares in the last quarter.

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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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