Janney Montgomery Scott reissued their hold rating on shares of Encore Capital Group Inc (NASDAQ:ECPG) in a report issued on Saturday morning.

ECPG has been the topic of several other research reports. Zacks Investment Research raised Encore Capital Group from a sell rating to a hold rating in a research note on Monday, November 6th. BidaskClub downgraded Encore Capital Group from a strong-buy rating to a buy rating in a research note on Monday, July 24th. ValuEngine raised Encore Capital Group from a buy rating to a strong-buy rating in a research note on Friday, September 1st. 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, November 3rd. Finally, Northland Securities reissued a hold rating and issued a $49.00 price target on shares of Encore Capital Group in a research note on Friday, November 3rd. Six investment 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 stock. The company has a consensus rating of Hold and an average price target of $43.50.

Encore Capital Group (NASDAQ:ECPG) traded down $0.60 on Friday, hitting $46.20. The company’s stock had a trading volume of 506,923 shares, compared to its average volume of 373,661. Encore Capital Group has a 1 year low of $26.25 and a 1 year high of $52.00. The firm has a market cap of $1,189.42, a P/E ratio of 12.52 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.

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Several hedge funds and other institutional investors have recently made changes to their positions in the company. Arizona State Retirement System grew its holdings in shares of Encore Capital Group by 0.8% in the 2nd quarter. Arizona State Retirement System now owns 12,357 shares of the asset manager’s stock valued at $496,000 after acquiring an additional 100 shares in the last quarter. Texas Permanent School Fund grew its holdings in shares of Encore Capital Group by 1.4% in the 2nd quarter. Texas Permanent School Fund now owns 17,287 shares of the asset manager’s stock valued at $694,000 after acquiring an additional 237 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Encore Capital Group by 1.2% in the 1st quarter. Legal & General Group Plc now owns 40,886 shares of the asset manager’s stock valued at $1,259,000 after acquiring an additional 498 shares in the last quarter. Voya Investment Management LLC grew its holdings in shares of Encore Capital Group by 6.7% in the 2nd quarter. Voya Investment Management LLC now owns 12,510 shares of the asset manager’s stock valued at $502,000 after acquiring an additional 785 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Encore Capital Group by 3.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 27,504 shares of the asset manager’s stock valued at $1,104,000 after acquiring an additional 912 shares in the last quarter.

Encore Capital Group Company Profile

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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