Encore Capital Group Inc (NASDAQ:ECPG) Stock Has Consensus Target Price of $103.25 According to Brokerages

Encore Capital Group Inc (NASDAQ:ECPG) has been assigned an average recommendation of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $103.25.

A number of equities research analysts have weighed in on ECPG shares. Truist Financial lifted their price objective on Encore Capital Group from $105.00 to $112.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Zacks Research lowered Encore Capital Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Northland Securities set a $124.00 target price on shares of Encore Capital Group in a research note on Tuesday, October 13th. Citigroup restated a “market outperform” rating on shares of Encore Capital Group in a research note on Tuesday, August 11th. Finally, Weiss Ratings raised shares of Encore Capital Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th.

Encore Capital Group Stock Up 2.2%

Shares of ECPG stock opened at $101.62 on Thursday. Encore Capital Group has a 12 month low of $40.52 and a 12 month high of $105.98. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 3.87. The firm has a market cap of $2.16 billion, a PE ratio of 7.69 and a beta of 1.30. The stock has a 50 day moving average of $99.16 and a 200-day moving average of $82.45.

Encore Capital Group (NASDAQ:ECPG) last posted its quarterly earnings results on Wednesday, August 5th. The asset manager reported $2.81 EPS for the quarter, beating the consensus estimate of $2.67 by $0.14. Encore Capital Group had a return on equity of 29.83% and a net margin of 15.86%. The firm had revenue of $491.87 million during the quarter, compared to analysts’ expectations of $455.10 million. During the same quarter in the prior year, the firm posted $2.49 EPS. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. Encore Capital Group has set its FY 2026 guidance at 13.000-14.000 EPS. On average, equities analysts predict that Encore Capital Group will post 13.52 EPS for the current year.

Hedge Funds Weigh In On Encore Capital Group

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Encore Capital Group during the second quarter worth about $343,229,000. Heartland Advisors Inc. acquired a new position in Encore Capital Group in the second quarter valued at about $33,848,000. Amundi increased its holdings in shares of Encore Capital Group by 3,134.1% in the second quarter. Amundi now owns 304,202 shares of the asset manager’s stock worth $28,379,000 after acquiring an additional 294,796 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Encore Capital Group by 658.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 334,018 shares of the asset manager’s stock worth $23,421,000 after buying an additional 289,964 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in Encore Capital Group during the 2nd quarter worth about $11,664,000.

About Encore Capital Group

Encore Capital Group, Inc is a specialty finance company that purchases portfolios of charged-off consumer receivables and provides debt recovery and management services. Through its operating businesses, the company works with consumers to resolve outstanding obligations through payment plans and other repayment arrangements.

Encore serves consumers and creditors across multiple markets, including the United States, the United Kingdom and other European countries. Its major operating platforms include Midland Credit Management in the United States and Cabot Credit Management in Europe.