ValuEngine upgraded shares of Encore Capital Group (NASDAQ:ECPG) from a buy rating to a strong-buy rating in a research report released on Friday.
ECPG has been the subject of several other reports. BidaskClub cut shares of Encore Capital Group from a sell rating to a strong sell rating in a research report on Thursday, January 18th. Zacks Investment Research cut shares of Encore Capital Group from a hold rating to a sell rating in a report on Tuesday, January 16th. Oppenheimer started coverage on shares of Encore Capital Group in a report on Monday, January 8th. They issued a buy rating and a $53.00 price target for the company. Northland Securities restated a hold rating and issued a $49.00 price target on shares of Encore Capital Group in a report on Friday, November 3rd. Finally, Janney Montgomery Scott restated a hold rating on shares of Encore Capital Group in a report on Saturday, November 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Encore Capital Group currently has a consensus rating of Buy and an average price target of $48.10.
Shares of Encore Capital Group (ECPG) opened at $41.00 on Friday. Encore Capital Group has a 12-month low of $28.95 and a 12-month high of $52.00. The company has a debt-to-equity ratio of 5.60, a quick ratio of 0.70 and a current ratio of 0.70. The firm has a market cap of $1,055.56, a price-to-earnings ratio of 11.55, a PEG ratio of 0.78 and a beta of 1.80.
In other Encore Capital Group news, insider Paul Grinberg sold 37,546 shares of the firm’s stock in a transaction on Wednesday, December 26th. The shares were sold at an average price of $42.43, for a total value of $1,593,076.78. Following the completion of the sale, the insider now directly owns 250,171 shares in the company, valued at $10,614,755.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 95,365 shares of company stock valued at $4,015,307 over the last 90 days. Corporate insiders own 8.80% of the company’s stock.
A number of large investors have recently bought and sold shares of ECPG. FMR LLC grew its holdings in Encore Capital Group by 110.6% in the second quarter. FMR LLC now owns 1,298,705 shares of the asset manager’s stock worth $52,142,000 after purchasing an additional 682,097 shares during the period. Hennessy Advisors Inc. acquired a new position in shares of Encore Capital Group during the fourth quarter valued at about $26,527,000. Vanguard Group Inc. grew its holdings in shares of Encore Capital Group by 3.4% during the second quarter. Vanguard Group Inc. now owns 2,199,637 shares of the asset manager’s stock valued at $88,317,000 after buying an additional 71,478 shares during the last quarter. James Investment Research Inc. acquired a new position in shares of Encore Capital Group during the fourth quarter valued at about $2,381,000. Finally, EJF Capital LLC acquired a new position in shares of Encore Capital Group during the third quarter valued at about $2,437,000.
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About Encore Capital Group
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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