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.

A number of large investors have recently modified their holdings of ECPG. Piedmont Investment Advisors LLC acquired a new stake in Encore Capital Group in the second quarter valued at approximately $206,000. Janney Capital Management LLC acquired a new stake in Encore Capital Group in the third quarter valued at approximately $217,000. Sigma Planning Corp acquired a new stake in Encore Capital Group in the third quarter valued at approximately $249,000. Westpac Banking Corp acquired a new stake in Encore Capital Group in the second quarter valued at approximately $336,000. Finally, Mackenzie Financial Corp raised its holdings in Encore Capital Group by 16.8% in the third quarter. Mackenzie Financial Corp now owns 7,934 shares of the asset manager’s stock valued at $351,000 after acquiring an additional 1,140 shares in the last quarter.

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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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