A number of other research analysts have also weighed in on ECPG. Zacks Investment Research raised shares of Encore Capital Group from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research report on Friday, February 28th. ValuEngine lowered shares of Encore Capital Group from a “sell” rating to a “strong sell” rating in a research report on Friday, March 20th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $41.50.
ECPG stock opened at $29.65 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 3.43. Encore Capital Group has a 1 year low of $15.27 and a 1 year high of $40.16. The company has a fifty day simple moving average of $33.23 and a 200 day simple moving average of $34.62. The firm has a market cap of $719.92 million, a PE ratio of 5.56, a PEG ratio of 0.29 and a beta of 1.17.
Encore Capital Group (NASDAQ:ECPG) last released its quarterly earnings data on Wednesday, February 26th. The asset manager reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.11. Encore Capital Group had a net margin of 12.01% and a return on equity of 20.10%. The business had revenue of $347.79 million during the quarter, compared to analyst estimates of $349.11 million. As a group, analysts forecast that Encore Capital Group will post 6.6 EPS for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC lifted its position in Encore Capital Group by 221.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,410 shares of the asset manager’s stock worth $50,000 after acquiring an additional 971 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in Encore Capital Group during the 3rd quarter worth $92,000. Equitable Trust Co. acquired a new position in Encore Capital Group during the 4th quarter worth $207,000. Baird Financial Group Inc. acquired a new position in Encore Capital Group during the 4th quarter worth $217,000. Finally, Hancock Whitney Corp acquired a new position in shares of Encore Capital Group during the fourth quarter valued at about $264,000.
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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