Encore Capital Group (NASDAQ:ECPG) Cut to Hold at Zacks Research

Zacks Research lowered shares of Encore Capital Group (NASDAQ:ECPG) from a strong-buy rating to a hold rating in a report published on Monday,Zacks reports.

Other analysts also recently issued research reports about the company. Citizens Jmp lifted their price objective on Encore Capital Group from $108.00 to $115.00 and gave the stock a “market outperform” rating in a research note on Wednesday, June 17th. Citigroup reiterated a “market outperform” rating on shares of Encore Capital Group in a research report on Tuesday, August 11th. Weiss Ratings raised shares of Encore Capital Group from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, August 3rd. Finally, Truist Financial boosted their price target on shares of Encore Capital Group from $105.00 to $112.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $89.75.

Encore Capital Group Stock Up 0.1%

ECPG opened at $99.26 on Monday. The company has a market capitalization of $2.11 billion, a PE ratio of 7.51 and a beta of 1.30. The firm has a 50-day simple moving average of $98.09 and a two-hundred day simple moving average of $87.92. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 3.87. Encore Capital Group has a 52 week low of $39.94 and a 52 week high of $104.98.

Encore Capital Group (NASDAQ:ECPG) last issued its earnings results on Wednesday, August 5th. The asset manager reported $2.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.67 by $0.14. The firm had revenue of $491.87 million for the quarter, compared to analysts’ expectations of $455.10 million. Encore Capital Group had a return on equity of 29.83% and a net margin of 15.86%.The business’s revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.49 earnings per share. Encore Capital Group has set its FY 2026 guidance at 13.000-14.000 EPS. Analysts forecast that Encore Capital Group will post 13.52 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Encore Capital Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Sequoia Financial Advisors LLC purchased a new position in Encore Capital Group during the second quarter worth $219,000. Tidal Investments LLC grew its holdings in Encore Capital Group by 26.7% during the 2nd quarter. Tidal Investments LLC now owns 4,713 shares of the asset manager’s stock valued at $440,000 after purchasing an additional 993 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in Encore Capital Group in the 2nd quarter worth about $225,000. Allworth Financial LP raised its position in Encore Capital Group by 12.1% in the 2nd quarter. Allworth Financial LP now owns 1,461 shares of the asset manager’s stock worth $136,000 after purchasing an additional 158 shares during the period. Finally, Corient Private Wealth LP bought a new stake in Encore Capital Group in the second quarter worth about $583,000.

Encore Capital Group Company Profile

Encore Capital Group, Inc is a global specialty finance company that purchases portfolios of charged-off consumer receivables and works with individuals to resolve their outstanding obligations. The company manages these accounts through a range of repayment solutions, including flexible payment arrangements and other servicing programs designed to help consumers address unpaid debts.

Encore operates primarily through Midland Credit Management in the United States and Cabot Credit Management in Europe and other international markets.