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.

Analyst Recommendations for Encore Capital Group (NASDAQ:ECPG)

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