Encore Capital Group, Inc. (NASDAQ:ECPG – Get Free Report) has been given a consensus rating of “Moderate Buy” by the four analysts that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $64.00.
A number of research firms have recently issued reports on ECPG. Truist Financial reiterated a “buy” rating and set a $73.00 price objective on shares of Encore Capital Group in a research note on Thursday. JMP Securities reaffirmed a “market outperform” rating and issued a $61.00 price objective on shares of Encore Capital Group in a research report on Monday, August 7th. Finally, StockNews.com initiated coverage on shares of Encore Capital Group in a research report on Thursday, August 17th. They set a “hold” rating for the company.
View Our Latest Analysis on ECPG
Insider Activity
Hedge Funds Weigh In On Encore Capital Group
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its stake in Encore Capital Group by 9.6% during the 3rd quarter. Royal Bank of Canada now owns 2,423 shares of the asset manager’s stock valued at $110,000 after purchasing an additional 213 shares during the last quarter. MetLife Investment Management LLC boosted its position in Encore Capital Group by 2.0% in the second quarter. MetLife Investment Management LLC now owns 12,117 shares of the asset manager’s stock valued at $589,000 after buying an additional 242 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in Encore Capital Group by 1.0% in the second quarter. UBS Asset Management Americas Inc. now owns 33,647 shares of the asset manager’s stock valued at $1,944,000 after buying an additional 317 shares during the last quarter. Great West Life Assurance Co. Can increased its holdings in Encore Capital Group by 1.3% in the 2nd quarter. Great West Life Assurance Co. Can now owns 25,843 shares of the asset manager’s stock worth $1,256,000 after buying an additional 323 shares during the period. Finally, Quadrant Capital Group LLC raised its position in Encore Capital Group by 145.6% during the 4th quarter. Quadrant Capital Group LLC now owns 614 shares of the asset manager’s stock worth $29,000 after buying an additional 364 shares during the last quarter.
Encore Capital Group Price Performance
Encore Capital Group stock opened at $45.70 on Thursday. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of -761.67 and a beta of 1.53. The firm has a 50-day moving average of $49.11 and a two-hundred day moving average of $48.75. Encore Capital Group has a 1 year low of $42.50 and a 1 year high of $58.46. The company has a debt-to-equity ratio of 2.60, a current ratio of 0.91 and a quick ratio of 0.91.
Encore Capital Group (NASDAQ:ECPG – Get Free Report) last announced its quarterly earnings data on Wednesday, August 2nd. The asset manager reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.25 by ($0.17). The firm had revenue of $323.04 million during the quarter, compared to the consensus estimate of $327.95 million. Encore Capital Group had a return on equity of 0.67% and a net margin of 0.28%. The firm’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same period last year, the company earned $2.29 EPS. On average, research analysts forecast that Encore Capital Group will post 4.94 earnings per share for the current year.
Encore Capital Group Company Profile
Encore Capital Group, Inc, a specialty finance company, provides debt recovery solutions and other related services for consumers across 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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