Encore Capital Group Inc (ECPG) Receives $38.88 Consensus Target Price from Analysts
Encore Capital Group Inc (NASDAQ:ECPG) has been given an average rating of “Hold” by the eight analysts that are covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $38.88.
ECPG has been the topic of a number of research analyst reports. Zacks Investment Research raised Encore Capital Group from a “sell” rating to a “hold” rating in a report on Monday, August 7th. Northland Securities reaffirmed a “hold” rating and set a $44.00 price target on shares of Encore Capital Group in a report on Friday, August 4th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $49.50 price target on shares of Encore Capital Group in a report on Thursday, August 10th. BidaskClub downgraded Encore Capital Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, ValuEngine raised Encore Capital Group from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st.
Shares of Encore Capital Group (ECPG) traded down 1.23% during midday trading on Tuesday, hitting $40.15. The stock had a trading volume of 81,703 shares. The stock has a market cap of $1.03 billion, a PE ratio of 16.45 and a beta of 1.77. Encore Capital Group has a 12 month low of $17.66 and a 12 month high of $43.65. The stock’s 50-day moving average is $40.11 and its 200-day moving average is $36.65.
Encore Capital Group (NASDAQ:ECPG) last announced its quarterly earnings results on Thursday, August 3rd. The asset manager reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.05. The firm had revenue of $290.92 million for the quarter, compared to the consensus estimate of $275.18 million. Encore Capital Group had a return on equity of 12.38% and a net margin of 6.28%. The company’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the prior year, the company posted $1.29 earnings per share. Equities analysts anticipate that Encore Capital Group will post $3.69 EPS for the current year.
Hedge funds have recently bought and sold shares of the business. Mason Street Advisors LLC lifted its holdings in Encore Capital Group by 7.3% in the first quarter. Mason Street Advisors LLC now owns 5,507 shares of the asset manager’s stock valued at $170,000 after acquiring an additional 374 shares during the period. State of Alaska Department of Revenue lifted its holdings in Encore Capital Group by 79.7% in the second quarter. State of Alaska Department of Revenue now owns 4,672 shares of the asset manager’s stock valued at $187,000 after acquiring an additional 2,072 shares during the period. Nisa Investment Advisors LLC bought a new position in Encore Capital Group in the second quarter valued at about $201,000. Piedmont Investment Advisors LLC bought a new position in Encore Capital Group in the second quarter valued at about $206,000. Finally, UBS Asset Management Americas Inc. bought a new position in Encore Capital Group in the first quarter valued at about $212,000.
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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.
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