Keefe, Bruyette & Woods restated their reduce rating on shares of Encore Capital Group (NASDAQ:ECPG) in a research note released on Sunday, The Fly reports. Keefe, Bruyette & Woods currently has a $50.00 price target on the asset manager’s stock, up from their previous price target of $45.00.

Several other research firms have also recently issued reports on ECPG. BidaskClub upgraded Encore Capital Group from a sell rating to a hold rating in a report on Friday, October 18th. Zacks Investment Research upgraded Encore Capital Group from a hold rating to a buy rating and set a $40.00 price objective on the stock in a report on Friday, November 8th. Northland Securities restated a buy rating and set a $40.00 price objective on shares of Encore Capital Group in a report on Thursday, November 7th. Finally, ValuEngine cut Encore Capital Group from a sell rating to a strong sell rating in a report on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $41.17.

Encore Capital Group stock traded down $0.20 during mid-day trading on Friday, hitting $36.28. 687 shares of the company were exchanged, compared to its average volume of 274,875. The company has a debt-to-equity ratio of 3.71, a current ratio of 0.89 and a quick ratio of 0.89. The business’s 50 day simple moving average is $33.62 and its two-hundred day simple moving average is $34.43. The company has a market capitalization of $1.12 billion, a P/E ratio of 7.30, a PEG ratio of 0.50 and a beta of 1.46. Encore Capital Group has a 12-month low of $20.38 and a 12-month high of $39.19.

Encore Capital Group (NASDAQ:ECPG) last released its quarterly earnings results on Wednesday, November 6th. The asset manager reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.25. Encore Capital Group had a return on equity of 20.85% and a net margin of 12.28%. The company had revenue of $355.94 million during the quarter, compared to the consensus estimate of $348.73 million. During the same quarter last year, the business posted $1.19 earnings per share. Encore Capital Group’s revenue was up 5.7% compared to the same quarter last year. Equities research analysts predict that Encore Capital Group will post 5.98 earnings per share for the current year.

Several hedge funds have recently bought and sold shares of ECPG. New York State Teachers Retirement System boosted its holdings in Encore Capital Group by 0.7% in the second quarter. New York State Teachers Retirement System now owns 43,931 shares of the asset manager’s stock valued at $1,488,000 after acquiring an additional 300 shares during the last quarter. Arizona State Retirement System boosted its holdings in Encore Capital Group by 0.8% in the second quarter. Arizona State Retirement System now owns 39,870 shares of the asset manager’s stock valued at $1,350,000 after acquiring an additional 327 shares during the last quarter. Crossmark Global Holdings Inc. boosted its holdings in Encore Capital Group by 3.4% in the second quarter. Crossmark Global Holdings Inc. now owns 11,280 shares of the asset manager’s stock valued at $382,000 after acquiring an additional 367 shares during the last quarter. UBS Asset Management Americas Inc. boosted its holdings in Encore Capital Group by 2.1% in the second quarter. UBS Asset Management Americas Inc. now owns 19,196 shares of the asset manager’s stock valued at $650,000 after acquiring an additional 394 shares during the last quarter. Finally, Pinebridge Investments L.P. boosted its holdings in Encore Capital Group by 2.0% in the second quarter. Pinebridge Investments L.P. now owns 27,381 shares of the asset manager’s stock valued at $927,000 after acquiring an additional 533 shares during the last quarter.

About Encore Capital Group

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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The Fly

Analyst Recommendations for Encore Capital Group (NASDAQ:ECPG)

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