Encore Capital Group (ECPG) Cut to “Strong Sell” at ValuEngine

ValuEngine lowered shares of Encore Capital Group (NASDAQ:ECPG) from a sell rating to a strong sell rating in a research report report published on Thursday.

ECPG has been the topic of several other research reports. Oppenheimer set a $54.00 price target on shares of Encore Capital Group and gave the stock a buy rating in a research note on Thursday, August 9th. Northland Securities upgraded shares of Encore Capital Group from a market perform rating to an outperform rating and set a $37.00 price target on the stock in a research note on Thursday, August 9th. BidaskClub cut shares of Encore Capital Group from a sell rating to a strong sell rating in a research note on Thursday, September 13th. UBS Group cut shares of Encore Capital Group from an outperform rating to a market perform rating in a research note on Tuesday, October 2nd. Finally, William Blair reiterated an outperform rating on shares of Encore Capital Group in a research note on Thursday, August 9th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $49.75.

Shares of ECPG stock opened at $33.03 on Thursday. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 8.24, a P/E/G ratio of 0.57 and a beta of 1.55. Encore Capital Group has a 52 week low of $31.68 and a 52 week high of $52.00. The company has a debt-to-equity ratio of 5.74, a quick ratio of 0.63 and a current ratio of 0.63.

Encore Capital Group (NASDAQ:ECPG) last announced its quarterly earnings results on Wednesday, August 8th. The asset manager reported $1.33 EPS for the quarter, topping the consensus estimate of $1.12 by $0.21. The business had revenue of $349.75 million for the quarter, compared to analysts’ expectations of $335.05 million. Encore Capital Group had a net margin of 6.84% and a return on equity of 20.28%. The business’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.87 EPS. As a group, equities analysts expect that Encore Capital Group will post 4.81 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the business. Legal & General Group Plc lifted its stake in Encore Capital Group by 2.4% in the 1st quarter. Legal & General Group Plc now owns 48,623 shares of the asset manager’s stock worth $2,193,000 after purchasing an additional 1,157 shares in the last quarter. Sheets Smith Wealth Management increased its holdings in shares of Encore Capital Group by 11.9% in the 2nd quarter. Sheets Smith Wealth Management now owns 13,599 shares of the asset manager’s stock worth $498,000 after buying an additional 1,447 shares during the last quarter. Great West Life Assurance Co. Can increased its holdings in shares of Encore Capital Group by 5.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 31,176 shares of the asset manager’s stock worth $1,407,000 after buying an additional 1,487 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Encore Capital Group by 0.8% in the 1st quarter. Principal Financial Group Inc. now owns 199,793 shares of the asset manager’s stock worth $9,031,000 after buying an additional 1,593 shares during the last quarter. Finally, OppenheimerFunds Inc. increased its holdings in shares of Encore Capital Group by 14.3% in the 2nd quarter. OppenheimerFunds Inc. now owns 19,893 shares of the asset manager’s stock worth $728,000 after buying an additional 2,494 shares during 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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Analyst Recommendations for Encore Capital Group (NASDAQ:ECPG)

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