Encore Capital Group (NASDAQ:ECPG) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Wednesday, Zacks.com reports.

According to Zacks, “Encore Capital Group is a leading provider of debt management and recovery solutions for consumers and property owners across a broad range of assets. Through its subsidiaries, the company purchases portfolios of consumer receivables from major banks, credit unions, and utility providers, and partners with individuals as they repay their obligations and work toward financial recovery. Through its Propel Financial Services subsidiary, the company assists property owners who are delinquent on their property taxes by structuring affordable monthly payment plans. Encore’s success and future growth are driven by its sophisticated and widespread use of analytics, its broad investments in data and behavioral science, the significant cost advantages provided by its highly-efficient operating model and proven investment strategy, and the company’s demonstrated commitment to conducting business ethically and in ways that support its consumers’ financial recovery. “

Several other research analysts also recently commented on the stock. ValuEngine downgraded shares of Yirendai from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 26th. BidaskClub upgraded shares of Zillow Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 2nd. Finally, Oppenheimer set a $119.00 target price on shares of American Express and gave the stock a “buy” rating in a report on Wednesday, April 17th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $38.20.

Shares of Encore Capital Group stock traded down $0.13 during midday trading on Wednesday, reaching $33.85. 191,482 shares of the company’s stock traded hands, compared to its average volume of 256,267. The stock has a market capitalization of $1.05 billion, a P/E ratio of 6.80, a price-to-earnings-growth ratio of 0.47 and a beta of 1.50. The firm has a 50 day moving average of $34.86. The company has a debt-to-equity ratio of 4.11, a quick ratio of 0.85 and a current ratio of 0.85. Encore Capital Group has a 52 week low of $20.38 and a 52 week high of $41.50.

Encore Capital Group (NASDAQ:ECPG) last released its quarterly earnings results on Wednesday, May 8th. The asset manager reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.26. The business had revenue of $347.08 million for the quarter, compared to the consensus estimate of $349.76 million. Encore Capital Group had a net margin of 10.37% and a return on equity of 21.02%. As a group, research analysts expect that Encore Capital Group will post 5.48 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of ECPG. Pearl River Capital LLC acquired a new stake in Encore Capital Group in the 1st quarter worth $40,000. Quantamental Technologies LLC acquired a new stake in Encore Capital Group in the 1st quarter worth $121,000. Metropolitan Life Insurance Co. NY grew its position in Encore Capital Group by 329.0% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 8,108 shares of the asset manager’s stock worth $191,000 after purchasing an additional 6,218 shares during the last quarter. Sigma Planning Corp acquired a new stake in Encore Capital Group in the 1st quarter worth $222,000. Finally, Victory Capital Management Inc. acquired a new stake in Encore Capital Group in the 1st quarter worth $228,000.

About Encore Capital Group

Encore Capital Group, Inc, a specialty finance company, together with its subsidiaries, provides debt recovery solutions and other related services for consumers across a range of financial assets worldwide. The company purchases portfolios of defaulted consumer receivables at deep discounts to face value, as well as manages them by working with individuals as they repay their obligations and works toward financial recovery.

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Analyst Recommendations for Encore Capital Group (NASDAQ:ECPG)

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