Encore Capital Group (NASDAQ:ECPG) Reaches New 12-Month High – What’s Next?

Shares of Encore Capital Group Inc (NASDAQ:ECPG) hit a new 52-week high during mid-day trading on Tuesday. The company traded as high as $105.74 and last traded at $105.60, with a volume of 211,777 shares changing hands. The stock had previously closed at $100.85.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Truist Financial boosted their target price on shares of Encore Capital Group from $105.00 to $112.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Northland Securities set a $124.00 price target on Encore Capital Group in a research report on Tuesday. Citigroup reaffirmed a “market outperform” rating on shares of Encore Capital Group in a research note on Tuesday, August 11th. Citizens Jmp boosted their price target on Encore Capital Group from $108.00 to $115.00 and gave the stock a “market outperform” rating in a report on Wednesday, June 17th. Finally, Zacks Research downgraded shares of Encore Capital Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.25.

Encore Capital Group Stock Performance

The company has a debt-to-equity ratio of 3.87, a current ratio of 0.96 and a quick ratio of 0.96. The company’s fifty day simple moving average is $98.78 and its two-hundred day simple moving average is $89.03. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 7.76 and a beta of 1.30.

Encore Capital Group (NASDAQ:ECPG) last released its quarterly earnings results on Wednesday, August 5th. The asset manager reported $2.81 earnings per share for the quarter, beating analysts’ consensus estimates of $2.67 by $0.14. The company had revenue of $491.87 million for the quarter, compared to analyst estimates of $455.10 million. Encore Capital Group had a net margin of 15.86% and a return on equity of 29.83%. The firm’s revenue was up 11.3% on a year-over-year basis. During the same period last year, the firm earned $2.49 earnings per share. Encore Capital Group has set its FY 2026 guidance at 13.000-14.000 EPS. On average, analysts forecast that Encore Capital Group Inc will post 13.52 earnings per share for the current year.

Institutional Investors Weigh In On Encore Capital Group

Hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC raised its position in shares of Encore Capital Group by 40.4% during the third quarter. Farther Finance Advisors LLC now owns 386 shares of the asset manager’s stock valued at $36,000 after buying an additional 111 shares during the last quarter. USA Financial Formulas bought a new position in shares of Encore Capital Group during the 1st quarter valued at approximately $46,000. Public Employees Retirement System of Ohio purchased a new position in Encore Capital Group during the second quarter worth $89,000. GAMMA Investing LLC boosted its stake in shares of Encore Capital Group by 26.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,339 shares of the asset manager’s stock worth $126,000 after purchasing an additional 283 shares during the period. Finally, Allworth Financial LP purchased a new position in shares of Encore Capital Group during the second quarter valued at approximately $136,000.

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.