Encore Capital Group Inc (ECPG) Stock Rating Upgraded by ValuEngine
Encore Capital Group Inc (NASDAQ:ECPG) was upgraded by research analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Friday.
Several other brokerages have also recently issued reports on ECPG. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $49.50 target price on shares of Encore Capital Group in a report on Thursday, August 10th. Northland Securities reaffirmed a “hold” rating and issued a $44.00 target price on shares of Encore Capital Group in a report on Friday, August 4th. BidaskClub cut shares of Encore Capital Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Zacks Investment Research raised shares of Encore Capital Group from a “sell” rating to a “hold” rating in a report on Monday, August 7th. Six investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Encore Capital Group has a consensus rating of “Hold” and an average price target of $37.58.
Shares of Encore Capital Group (NASDAQ:ECPG) traded up 2.11% during midday trading on Friday, reaching $41.20. 75,387 shares of the company’s stock were exchanged. Encore Capital Group has a 12-month low of $17.66 and a 12-month high of $43.65. The stock has a market capitalization of $1.06 billion, a P/E ratio of 16.88 and a beta of 1.76. The firm has a 50-day moving average of $40.19 and a 200-day moving average of $36.31.
Encore Capital Group (NASDAQ:ECPG) last issued its quarterly earnings results on Thursday, August 3rd. The asset manager reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.05. Encore Capital Group had a net margin of 6.28% and a return on equity of 12.38%. The company had revenue of $290.92 million during the quarter, compared to analysts’ expectations of $275.18 million. During the same period last year, the company posted $1.29 EPS. Encore Capital Group’s revenue was up .5% on a year-over-year basis. Analysts anticipate that Encore Capital Group will post $3.69 EPS for the current fiscal year.
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A number of hedge funds and other institutional investors have recently modified their holdings of the company. Arizona State Retirement System boosted its position in Encore Capital Group by 1.7% in the first quarter. Arizona State Retirement System now owns 12,257 shares of the asset manager’s stock valued at $378,000 after buying an additional 200 shares during the last quarter. Mason Street Advisors LLC boosted its position in Encore Capital Group by 7.3% in the first quarter. Mason Street Advisors LLC now owns 5,507 shares of the asset manager’s stock valued at $170,000 after buying an additional 374 shares during the last quarter. State of Tennessee Treasury Department boosted its position in Encore Capital Group by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 22,435 shares of the asset manager’s stock valued at $691,000 after buying an additional 3,386 shares during the last quarter. Virginia Retirement Systems ET AL bought a new position in Encore Capital Group during the first quarter valued at $1,834,000. Finally, Parametric Portfolio Associates LLC boosted its position in Encore Capital Group by 7.8% in the first quarter. Parametric Portfolio Associates LLC now owns 52,655 shares of the asset manager’s stock valued at $1,622,000 after buying an additional 3,805 shares during 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.
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