Encore Capital Group Inc (ECPG) Receives Consensus Rating of “Hold” from Brokerages
Shares of Encore Capital Group Inc (NASDAQ:ECPG) have earned a consensus rating of “Hold” from the nine brokerages that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $43.50.
ECPG has been the subject of several recent research reports. Zacks Investment Research raised shares of Encore Capital Group from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. BidaskClub downgraded shares of Encore Capital Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Northland Securities reissued a “hold” rating and issued a $44.00 price target on shares of Encore Capital Group in a research note on Friday, August 4th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $49.50 price target on shares of Encore Capital Group in a research note on Thursday, August 10th. Finally, SunTrust Banks, Inc. reissued a “buy” rating and issued a $57.00 price target on shares of Encore Capital Group in a research note on Friday.
Shares of Encore Capital Group (NASDAQ ECPG) traded down $0.20 during mid-day trading on Wednesday, hitting $48.75. The company’s stock had a trading volume of 49,616 shares, compared to its average volume of 304,901. Encore Capital Group has a 52 week low of $17.66 and a 52 week high of $52.00. The company has a market cap of $1,260.24, a P/E ratio of 13.27 and a beta of 1.84. The company has a debt-to-equity ratio of 5.60, a current ratio of 0.70 and a quick ratio of 0.70.
Encore Capital Group (NASDAQ:ECPG) last announced its earnings results on Thursday, August 3rd. The asset manager reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.05. Encore Capital Group had a net margin of 8.18% and a return on equity of 17.27%. The company had revenue of $290.92 million during the quarter, compared to analyst estimates of $275.18 million. During the same period in the previous year, the business earned $1.29 earnings per share. The firm’s quarterly revenue was up .5% compared to the same quarter last year. equities analysts expect that Encore Capital Group will post 3.79 EPS for the current year.
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Several large investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA raised its stake in shares of Encore Capital Group by 68.3% during the third quarter. BNP Paribas Arbitrage SA now owns 15,918 shares of the asset manager’s stock valued at $705,000 after acquiring an additional 6,461 shares during the last quarter. USA Financial Portformulas Corp bought a new position in Encore Capital Group in the third quarter worth about $779,000. Crossmark Global Holdings Inc. bought a new position in Encore Capital Group in the third quarter worth about $534,000. Peregrine Capital Management LLC raised its stake in Encore Capital Group by 2.1% in the third quarter. Peregrine Capital Management LLC now owns 233,978 shares of the asset manager’s stock worth $10,365,000 after buying an additional 4,772 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in Encore Capital Group in the second quarter worth about $417,000.
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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