Encore Capital Group, Inc. (ECPG) Receives $38.00 Consensus Target Price from Brokerages

Encore Capital Group, Inc. (NASDAQ:ECPG) has been given an average rating of “Buy” by the nine research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $38.00.

ECPG has been the subject of a number of research analyst reports. BidaskClub upgraded Encore Capital Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 22nd. Oppenheimer upgraded Encore Capital Group from a “market perform” rating to an “outperform” rating and set a $37.00 price objective for the company in a research note on Tuesday, January 15th. ValuEngine cut Encore Capital Group from a “sell” rating to a “strong sell” rating in a research note on Wednesday, March 20th. Zacks Investment Research upgraded Encore Capital Group from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research note on Monday, March 18th. Finally, Buckingham Research initiated coverage on Encore Capital Group in a research note on Thursday, January 3rd. They set a “buy” rating and a $38.00 price objective for the company.

In other Encore Capital Group news, major shareholder Jcf Iii Europe Holdings L.P. sold 1,500,000 shares of Encore Capital Group stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $30.17, for a total transaction of $45,255,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.76% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of the company. Thrivent Financial for Lutherans raised its stake in shares of Encore Capital Group by 2.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 18,363 shares of the asset manager’s stock worth $432,000 after purchasing an additional 403 shares during the last quarter. Texas Permanent School Fund grew its holdings in shares of Encore Capital Group by 4.0% in the fourth quarter. Texas Permanent School Fund now owns 16,757 shares of the asset manager’s stock worth $394,000 after acquiring an additional 652 shares during the period. Icon Advisers Inc. Co. grew its holdings in shares of Encore Capital Group by 5.3% in the fourth quarter. Icon Advisers Inc. Co. now owns 13,800 shares of the asset manager’s stock worth $324,000 after acquiring an additional 700 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of Encore Capital Group by 2.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 32,777 shares of the asset manager’s stock worth $770,000 after acquiring an additional 904 shares during the period. Finally, Teachers Advisors LLC grew its holdings in shares of Encore Capital Group by 4.0% in the third quarter. Teachers Advisors LLC now owns 48,996 shares of the asset manager’s stock worth $1,757,000 after acquiring an additional 1,863 shares during the period.

Shares of ECPG stock traded down $0.74 during trading hours on Wednesday, reaching $28.59. The company’s stock had a trading volume of 125,631 shares, compared to its average volume of 263,911. The firm has a market cap of $892.25 million, a P/E ratio of 5.74, a P/E/G ratio of 0.42 and a beta of 2.00. Encore Capital Group has a one year low of $20.38 and a one year high of $47.80. The company has a debt-to-equity ratio of 4.26, a quick ratio of 0.55 and a current ratio of 0.55.

Encore Capital Group (NASDAQ:ECPG) last released its earnings results on Wednesday, February 27th. The asset manager reported $1.45 EPS for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.23. The company had revenue of $348.72 million during the quarter, compared to analysts’ expectations of $341.81 million. Encore Capital Group had a return on equity of 20.21% and a net margin of 8.51%. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.05 EPS. As a group, equities analysts predict that Encore Capital Group will post 5.27 EPS for the current year.

About Encore Capital Group

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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