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.

Analyst Recommendations for Encore Capital Group (NASDAQ:ECPG)

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