Keefe, Bruyette & Woods Analysts Give Encore Capital Group (NASDAQ:ECPG) a $45.00 Price Target

Keefe, Bruyette & Woods set a $45.00 price target on Encore Capital Group (NASDAQ:ECPG) in a report released on Tuesday, TipRanks reports. The firm currently has a buy rating on the asset manager’s stock.

Several other equities research analysts have also commented on the company. Northland Securities reiterated a buy rating and set a $40.00 price objective on shares of Encore Capital Group in a research note on Thursday, August 8th. ValuEngine lowered Encore Capital Group from a hold rating to a sell rating in a research note on Tuesday, August 27th. BidaskClub lowered Encore Capital Group from a hold rating to a sell rating in a research report on Thursday, September 5th. Finally, Zacks Investment Research upgraded Encore Capital Group from a hold rating to a buy rating and set a $42.00 price target for the company in a research report on Friday, August 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $40.67.

NASDAQ:ECPG traded down $0.06 during trading hours on Tuesday, hitting $34.91. 1,818 shares of the stock were exchanged, compared to its average volume of 461,712. Encore Capital Group has a 52-week low of $20.38 and a 52-week high of $39.19. The firm’s fifty day moving average price is $35.90 and its 200 day moving average price is $33.32. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 3.91. The company has a market cap of $1.11 billion, a P/E ratio of 7.03, a P/E/G ratio of 0.42 and a beta of 1.48.

Encore Capital Group (NASDAQ:ECPG) last posted its quarterly earnings data on Wednesday, August 7th. The asset manager reported $1.28 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.28. Encore Capital Group had a return on equity of 19.85% and a net margin of 11.14%. The company had revenue of $346.87 million during the quarter, compared to analyst estimates of $353.89 million. During the same period in the previous year, the business earned $1.33 EPS. Encore Capital Group’s quarterly revenue was down .8% on a year-over-year basis. Equities analysts expect that Encore Capital Group will post 5.64 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. grew its position in shares of Encore Capital Group by 6.0% in the second quarter. BlackRock Inc. now owns 4,063,492 shares of the asset manager’s stock valued at $137,631,000 after purchasing an additional 229,683 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Encore Capital Group by 6.2% in the second quarter. Price T Rowe Associates Inc. MD now owns 3,308,104 shares of the asset manager’s stock valued at $112,045,000 after purchasing an additional 191,768 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Encore Capital Group by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,546,966 shares of the asset manager’s stock valued at $36,354,000 after purchasing an additional 18,488 shares in the last quarter. Stephens Investment Management Group LLC grew its position in shares of Encore Capital Group by 27.4% in the second quarter. Stephens Investment Management Group LLC now owns 699,575 shares of the asset manager’s stock valued at $23,695,000 after purchasing an additional 150,305 shares in the last quarter. Finally, Northern Trust Corp grew its position in Encore Capital Group by 0.9% in the second quarter. Northern Trust Corp now owns 674,384 shares of the asset manager’s stock worth $22,841,000 after acquiring an additional 5,956 shares during the period.

Encore Capital Group Company Profile

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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Analyst Recommendations for Encore Capital Group (NASDAQ:ECPG)

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