Encore Capital Group Inc (NASDAQ:ECPG)‘s stock had its “buy” rating reiterated by SunTrust Banks, Inc. in a research note issued on Friday. They presently have a $57.00 price objective on the asset manager’s stock. SunTrust Banks, Inc.’s price objective suggests a potential upside of 16.45% from the company’s previous close.
Several other analysts have also recently commented on the stock. BidaskClub cut shares of Encore Capital Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $49.50 target price on shares of Encore Capital Group in a research report on Thursday, August 10th. Zacks Investment Research upgraded shares of Encore Capital Group from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. Northland Securities reiterated a “hold” rating and set a $44.00 target price on shares of Encore Capital Group in a research report on Friday, August 4th. Finally, ValuEngine upgraded shares of Encore Capital Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $43.50.
Encore Capital Group (NASDAQ:ECPG) traded up $3.60 during mid-day trading on Friday, reaching $48.95. 774,112 shares of the company traded hands, compared to its average volume of 273,794. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 5.47. Encore Capital Group has a 1 year low of $17.66 and a 1 year high of $52.00. The company has a market cap of $1,260.22, a PE ratio of 13.27 and a beta of 1.84.
Encore Capital Group (NASDAQ:ECPG) last posted its quarterly earnings data on Thursday, August 3rd. The asset manager reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.05. Encore Capital Group had a net margin of 8.18% and a return on equity of 17.27%. The firm had revenue of $290.92 million during the quarter, compared to analysts’ expectations of $275.18 million. During the same quarter in the previous year, the company posted $1.29 EPS. Encore Capital Group’s revenue was up .5% on a year-over-year basis. equities research analysts anticipate that Encore Capital Group will post 3.79 earnings per share for the current year.
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Several institutional investors have recently modified their holdings of ECPG. State of Alaska Department of Revenue raised its position in shares of Encore Capital Group by 79.7% during the 2nd 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 last quarter. Nisa Investment Advisors LLC acquired a new position in shares of Encore Capital Group in the 2nd quarter valued at $201,000. Piedmont Investment Advisors LLC acquired a new position in shares of Encore Capital Group in the 2nd quarter valued at $206,000. UBS Asset Management Americas Inc. acquired a new position in shares of Encore Capital Group in the 1st quarter valued at $212,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of Encore Capital Group in the 1st quarter valued at $232,000.
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.
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