Encore Capital Group, Inc. (ECPG) Given Consensus Recommendation of “Hold” by Brokerages
Encore Capital Group, Inc. (NASDAQ:ECPG) has been assigned an average rating of “Hold” from the nine research firms that are covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $46.38.
A number of brokerages recently weighed in on ECPG. Keefe, Bruyette & Woods restated a “buy” rating and set a $49.50 price objective on shares of Encore Capital Group in a research note on Thursday, August 10th. Janney Montgomery Scott restated a “hold” rating on shares of Encore Capital Group in a research note on Saturday, November 18th. Northland Securities reaffirmed a “hold” rating and set a $44.00 target price on shares of Encore Capital Group in a research report on Friday, August 4th. BidaskClub lowered Encore Capital Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Zacks Investment Research raised Encore Capital Group from a “sell” rating to a “hold” rating in a research report on Monday, August 7th.
Shares of Encore Capital Group (NASDAQ ECPG) traded up $0.10 during midday trading on Friday, hitting $45.40. The company had a trading volume of 71,578 shares, compared to its average volume of 375,461. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 5.60. The stock has a market cap of $1,168.82, a PE ratio of 12.30 and a beta of 1.84. Encore Capital Group has a 1 year low of $26.30 and a 1 year high of $52.00.
Large investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue increased its position in Encore Capital Group by 79.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 4,672 shares of the asset manager’s stock valued at $187,000 after buying an additional 2,072 shares in the last quarter. Nisa Investment Advisors LLC acquired a new position in shares of Encore Capital Group in the second quarter valued at about $201,000. Piedmont Investment Advisors LLC acquired a new position in shares of Encore Capital Group in the second quarter valued at about $206,000. UBS Asset Management Americas Inc. acquired a new position in shares of Encore Capital Group in the first quarter valued at about $212,000. Finally, Janney Capital Management LLC acquired a new position in shares of Encore Capital Group in the third quarter valued at about $217,000.
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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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