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.

Analyst Recommendations for Encore Capital Group (NASDAQ:ECPG)

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