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

ECPG has been the topic of several other reports. ValuEngine lowered shares of Encore Capital Group from a sell rating to a strong sell rating in a report on Thursday, October 10th. Zacks Investment Research lowered shares of Encore Capital Group from a buy rating to a hold rating in a report on Tuesday, January 7th. Northland Securities reiterated a buy rating and issued a $40.00 target price on shares of Encore Capital Group in a report on Thursday, November 7th. Finally, Keefe, Bruyette & Woods reiterated a reduce rating and issued a $50.00 target price (up from $45.00) on shares of Encore Capital Group in a report on Sunday, November 10th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $41.80.

ECPG opened at $36.92 on Friday. The firm’s fifty day moving average is $36.22 and its two-hundred day moving average is $35.19. The company has a debt-to-equity ratio of 3.71, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market cap of $1.15 billion, a PE ratio of 6.75, a price-to-earnings-growth ratio of 0.48 and a beta of 1.50. Encore Capital Group has a twelve month low of $26.52 and a twelve month high of $39.19.

Encore Capital Group (NASDAQ:ECPG) last posted its earnings results on Wednesday, November 6th. The asset manager reported $1.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.39 by $0.25. The company had revenue of $355.94 million for the quarter, compared to analyst estimates of $348.73 million. Encore Capital Group had a net margin of 12.28% and a return on equity of 20.85%. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the business posted $1.19 earnings per share. Equities analysts forecast that Encore Capital Group will post 5.88 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Encore Capital Group by 6.0% during the second quarter. BlackRock Inc. now owns 4,063,492 shares of the asset manager’s stock worth $137,631,000 after acquiring an additional 229,683 shares in the last quarter. Mason Street Advisors LLC increased its position in shares of Encore Capital Group by 9.4% during the third quarter. Mason Street Advisors LLC now owns 9,385 shares of the asset manager’s stock worth $313,000 after acquiring an additional 805 shares in the last quarter. Squarepoint Ops LLC increased its position in shares of Encore Capital Group by 151.7% during the third quarter. Squarepoint Ops LLC now owns 34,983 shares of the asset manager’s stock worth $1,166,000 after acquiring an additional 21,083 shares in the last quarter. Granahan Investment Management Inc. MA increased its position in shares of Encore Capital Group by 39.3% during the third quarter. Granahan Investment Management Inc. MA now owns 87,793 shares of the asset manager’s stock worth $2,926,000 after acquiring an additional 24,770 shares in the last quarter. Finally, GW&K Investment Management LLC increased its position in shares of Encore Capital Group by 41.3% during the third quarter. GW&K Investment Management LLC now owns 151,375 shares of the asset manager’s stock worth $5,045,000 after acquiring an additional 44,228 shares in the last quarter.

Encore Capital Group Company Profile

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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