Oppenheimer Reiterates Hold Rating for Encore Capital Group (ECPG)

Encore Capital Group (NASDAQ:ECPG)‘s stock had its “hold” rating restated by stock analysts at Oppenheimer in a research note issued to investors on Thursday.

Other research analysts also recently issued research reports about the company. ValuEngine raised Encore Capital Group from a “sell” rating to a “hold” rating in a research note on Tuesday, September 4th. UBS Group downgraded Encore Capital Group from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 2nd. William Blair reaffirmed an “outperform” rating on shares of Encore Capital Group in a research note on Thursday, August 9th. Northland Securities raised Encore Capital Group from a “market perform” rating to an “outperform” rating and set a $37.00 price objective for the company in a research note on Thursday, August 9th. Finally, BidaskClub raised Encore Capital Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 11th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $47.33.

ECPG stock opened at $25.27 on Thursday. The stock has a market capitalization of $834.78 million, a PE ratio of 6.30, a P/E/G ratio of 0.43 and a beta of 1.80. The company has a debt-to-equity ratio of 5.74, a current ratio of 0.63 and a quick ratio of 0.63. Encore Capital Group has a 12 month low of $23.59 and a 12 month high of $49.80.

Encore Capital Group (NASDAQ:ECPG) last released its quarterly earnings data on Wednesday, November 7th. The asset manager reported $1.19 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.19. Encore Capital Group had a return on equity of 20.28% and a net margin of 6.84%. The company had revenue of $336.77 million during the quarter, compared to the consensus estimate of $342.33 million. During the same quarter in the prior year, the firm posted $1.14 earnings per share. The firm’s revenue was up 9.8% compared to the same quarter last year. As a group, analysts anticipate that Encore Capital Group will post 4.8 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in ECPG. Bank of Montreal Can increased its stake in shares of Encore Capital Group by 42,962.2% in the third quarter. Bank of Montreal Can now owns 400,909 shares of the asset manager’s stock valued at $14,372,000 after buying an additional 399,978 shares during the period. BlackRock Inc. increased its position in Encore Capital Group by 11.4% during the 2nd quarter. BlackRock Inc. now owns 3,472,434 shares of the asset manager’s stock valued at $127,092,000 after purchasing an additional 354,784 shares during the period. Pembroke Management LTD increased its position in Encore Capital Group by 85.3% during the 3rd quarter. Pembroke Management LTD now owns 417,393 shares of the asset manager’s stock valued at $14,964,000 after purchasing an additional 192,200 shares during the period. Millennium Management LLC increased its position in Encore Capital Group by 28.6% during the 2nd quarter. Millennium Management LLC now owns 697,362 shares of the asset manager’s stock valued at $25,523,000 after purchasing an additional 155,105 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Encore Capital Group by 9.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,454,193 shares of the asset manager’s stock valued at $53,224,000 after purchasing an additional 129,942 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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