Encore Capital Group (NASDAQ:ECPG) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday, ValuEngine reports.

Other analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Encore Capital Group from a “sell” rating to a “hold” rating and set a $40.00 price target on the stock in a research report on Thursday, May 9th. BidaskClub upgraded shares of Encore Capital Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 22nd. Oppenheimer set a $37.00 price target on shares of Encore Capital Group and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Finally, JMP Securities increased their price target on shares of Encore Capital Group from $37.00 to $42.00 and gave the stock a “market outperform” rating in a research report on Thursday, February 28th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $38.80.

Shares of NASDAQ ECPG traded down $0.12 during trading hours on Thursday, hitting $35.79. 262,185 shares of the stock were exchanged, compared to its average volume of 267,405. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 4.11. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 7.19, a P/E/G ratio of 0.49 and a beta of 1.98. Encore Capital Group has a 1-year low of $20.38 and a 1-year high of $41.50.

Encore Capital Group (NASDAQ:ECPG) last posted its quarterly earnings results on Wednesday, May 8th. The asset manager reported $1.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.26. The business had revenue of $347.08 million for the quarter, compared to analyst estimates of $349.76 million. Encore Capital Group had a net margin of 10.37% and a return on equity of 21.02%. On average, equities research analysts forecast that Encore Capital Group will post 5.48 earnings per share for the current year.

In other Encore Capital Group news, major shareholder Jcf Iii Europe Holdings L.P. sold 1,500,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $30.17, for a total value of $45,255,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.76% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Norges Bank acquired a new position in shares of Encore Capital Group during the fourth quarter worth $7,217,000. Vanguard Group Inc. lifted its holdings in shares of Encore Capital Group by 12.0% during the third quarter. Vanguard Group Inc. now owns 2,751,092 shares of the asset manager’s stock worth $98,626,000 after purchasing an additional 294,742 shares during the period. EJF Capital LLC acquired a new position in shares of Encore Capital Group during the first quarter worth $7,352,000. Marshall Wace LLP acquired a new position in shares of Encore Capital Group during the first quarter worth $6,671,000. Finally, Laurion Capital Management LP acquired a new position in shares of Encore Capital Group during the first quarter worth $3,589,000.

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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Analyst Recommendations for Encore Capital Group (NASDAQ:ECPG)

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