Encore Capital Group Inc. (NASDAQ:ECPG) was up 5.6% during mid-day trading on Monday . The company traded as high as $21.75 and last traded at $21.67, with a volume of 436,475 shares changing hands. The stock had previously closed at $20.52.

A number of equities research analysts have recently issued reports on ECPG shares. Zacks Investment Research raised shares of Encore Capital Group from a “sell” rating to a “hold” rating in a research note on Friday, June 3rd. JMP Securities reissued a “buy” rating on shares of Encore Capital Group in a research report on Wednesday, June 8th. William Blair reissued an “outperform” rating on shares of Encore Capital Group in a research report on Friday, May 6th. Citigroup Inc. dropped their price target on shares of Encore Capital Group from $32.00 to $31.00 and set a “buy” rating for the company in a research report on Monday. Finally, Northland Securities cut shares of Encore Capital Group from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $37.00 to $21.00 in a research report on Friday. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $37.33.

The company has a market capitalization of $540.02 million and a PE ratio of 12.767. The company has a 50 day moving average of $23.80 and a 200-day moving average of $24.42.

Encore Capital Group (NASDAQ:ECPG) last announced its quarterly earnings results on Thursday, August 4th. The company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.08. During the same quarter in the prior year, the firm posted $1.21 EPS. The business earned $289 million during the quarter, compared to the consensus estimate of $296.97 million. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities analysts predict that Encore Capital Group Inc. will post $5.16 earnings per share for the current year.

A number of hedge funds and institutional investors have recently bought and sold shares of ECPG. Rhumbline Advisers boosted its position in Encore Capital Group by 3.3% in the fourth quarter. Rhumbline Advisers now owns 39,690 shares of the company’s stock worth $1,154,000 after buying an additional 1,275 shares during the period. Bank of Montreal Can boosted its position in Encore Capital Group by 10.8% in the fourth quarter. Bank of Montreal Can now owns 40,739 shares of the company’s stock worth $1,185,000 after buying an additional 3,976 shares during the period. California State Teachers Retirement System boosted its position in 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 worth $1,403,000 after buying an additional 800 shares during the period. First Trust Advisors LP boosted its position in Encore Capital Group by 22.0% in the fourth quarter. First Trust Advisors LP now owns 54,133 shares of the company’s stock worth $1,574,000 after buying an additional 9,750 shares during the period. Finally, New York State Common Retirement Fund boosted its position in Encore Capital Group by 7.8% in the fourth quarter. New York State Common Retirement Fund now owns 328,990 shares of the company’s stock worth $9,567,000 after buying an additional 23,699 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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