Encore Capital Group (ECPG) Cut to Hold at BidaskClub
Encore Capital Group (NASDAQ:ECPG) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.
Other research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Encore Capital Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. Janney Montgomery Scott reissued a “hold” rating on shares of Encore Capital Group in a research note on Saturday, November 18th. SunTrust Banks reissued a “buy” rating and issued a $57.00 price objective on shares of Encore Capital Group in a research note on Friday, November 3rd. Northland Securities reissued a “hold” rating and issued a $49.00 price objective on shares of Encore Capital Group in a research note on Friday, November 3rd. Finally, ValuEngine raised shares of Encore Capital Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $46.88.
Encore Capital Group (ECPG) opened at $42.95 on Wednesday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 5.60. Encore Capital Group has a 12 month low of $26.70 and a 12 month high of $52.00. The company has a market cap of $1,125.08, a P/E ratio of 11.84 and a beta of 1.80.
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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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