BidaskClub lowered shares of Encore Capital Group (NASDAQ:ECPG) from a hold rating to a sell rating in a research note released on Friday morning, BidAskClub reports.

Several other research analysts also recently issued reports on ECPG. ValuEngine upgraded shares of Encore Capital Group from a strong sell rating to a sell rating in a report on Friday, May 10th. Zacks Investment Research upgraded shares of Encore Capital Group from a sell rating to a hold rating and set a $40.00 price target for the company in a report on Thursday, May 9th. Oppenheimer set a $37.00 price target on shares of Encore Capital Group and gave the stock a buy rating in a report on Wednesday, April 17th. Finally, JMP Securities upped their price target on shares of Encore Capital Group from $37.00 to $42.00 and gave the stock a market outperform rating in a report on Thursday, February 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $38.80.

Shares of NASDAQ:ECPG opened at $33.53 on Friday. The business’s fifty day moving average is $34.97. The firm has a market capitalization of $1.04 billion, a P/E ratio of 6.73, a PEG ratio of 0.49 and a beta of 1.59. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 4.11. 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 announced its quarterly earnings results on Wednesday, May 8th. The asset manager reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.26. The company had revenue of $347.08 million during 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%. Sell-side analysts expect that Encore Capital Group will post 5.48 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Second Curve Capital LLC increased its holdings in Encore Capital Group by 16.9% in the fourth quarter. Second Curve Capital LLC now owns 514,500 shares of the asset manager’s stock valued at $12,091,000 after purchasing an additional 74,500 shares during the period. TD Asset Management Inc. increased its holdings in Encore Capital Group by 36.7% in the fourth quarter. TD Asset Management Inc. now owns 52,231 shares of the asset manager’s stock valued at $1,227,000 after purchasing an additional 14,031 shares during the period. Nordea Investment Management AB increased its holdings in Encore Capital Group by 8.6% in the fourth quarter. Nordea Investment Management AB now owns 134,243 shares of the asset manager’s stock valued at $3,155,000 after purchasing an additional 10,594 shares during the period. American International Group Inc. increased its holdings in Encore Capital Group by 220.4% in the fourth quarter. American International Group Inc. now owns 65,282 shares of the asset manager’s stock valued at $1,534,000 after purchasing an additional 44,907 shares during the period. Finally, Rhumbline Advisers increased its holdings in Encore Capital Group by 19.7% in the fourth quarter. Rhumbline Advisers now owns 76,231 shares of the asset manager’s stock valued at $1,791,000 after purchasing an additional 12,526 shares during the period.

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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