Shares of Encore Capital Group Inc. (NASDAQ:ECPG) were down 15.6% during trading on Friday . The company traded as low as $20.80 and last traded at $20.83, with a volume of 1,882,276 shares. The stock had previously closed at $24.68.

A number of analysts have recently commented on ECPG shares. Northland Securities downgraded Encore Capital Group from an “outperform” rating to a “market perform” rating in a research note on Friday. Zacks Investment Research upgraded Encore Capital Group from a “sell” rating to a “hold” rating in a research note on Friday, May 27th. JMP Securities restated a “buy” rating on shares of Encore Capital Group in a research note on Wednesday, June 8th. Finally, William Blair restated an “outperform” rating on shares of Encore Capital Group in a research note on Friday, May 6th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $42.33.

The stock has a 50-day moving average price of $23.80 and a 200 day moving average price of $24.42. The firm has a market cap of $523.63 million and a P/E ratio of 13.05.

Encore Capital Group (NASDAQ:ECPG) last posted its earnings results on Thursday, August 4th. The company reported $1.29 EPS for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.08. The firm had revenue of $289 million for the quarter, compared to analyst estimates of $296.97 million. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.21 EPS. Analysts forecast that Encore Capital Group Inc. will post $5.16 EPS for the current fiscal year.

A number of institutional investors recently modified their holdings of ECPG. Rhumbline Advisers boosted its position in shares of Encore Capital Group by 3.3% in the fourth quarter. Rhumbline Advisers now owns 39,690 shares of the company’s stock valued at $1,154,000 after buying an additional 1,275 shares during the period. Bank of Montreal Can boosted its position in shares of Encore Capital Group by 10.8% in the fourth quarter. Bank of Montreal Can now owns 40,739 shares of the company’s stock valued at $1,185,000 after buying an additional 3,976 shares during the period. State Board of Administration of Florida Retirement System boosted its position in shares of Encore Capital Group by 4.0% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 43,704 shares of the company’s stock valued at $1,271,000 after buying an additional 1,686 shares during the period. California State Teachers Retirement System boosted its position in shares of Encore Capital Group by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 48,235 shares of the company’s stock valued at $1,403,000 after buying an additional 800 shares during the period. Finally, First Trust Advisors LP boosted its position in shares of Encore Capital Group by 22.0% in the fourth quarter. First Trust Advisors LP now owns 54,133 shares of the company’s stock valued at $1,574,000 after buying an additional 9,750 shares during the period.

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 two segments: Portfolio Purchasing and Recovery, and Tax Lien Business. Its portfolio purchasing and recovery segment purchases portfolios of defaulted consumer receivables at discounts and manages them by partnering with individuals as they repay their obligations and work toward financial recovery.

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