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.

Analyst Recommendations for Encore Capital Group (NASDAQ:ECPG)

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