Encore Capital Group, Inc. (ECPG) Receives $37.00 Consensus Target Price from Brokerages

Encore Capital Group, Inc. (NASDAQ:ECPG) has been assigned an average rating of “Hold” from the seven research firms that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $37.00.

Several research analysts recently weighed in on the company. BidaskClub cut Encore Capital Group from a “sell” rating to a “strong sell” rating in a research report on Thursday, September 13th. Oppenheimer reiterated a “hold” rating on shares of Encore Capital Group in a research report on Thursday, November 8th. Zacks Investment Research cut Encore Capital Group from a “hold” rating to a “sell” rating in a research report on Thursday, November 8th. UBS Group cut Encore Capital Group from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 2nd. Finally, ValuEngine cut Encore Capital Group from a “hold” rating to a “sell” rating in a research report on Wednesday, September 12th.

In other Encore Capital Group news, CFO Jonathan C. Clark acquired 20,000 shares of the company’s stock in a transaction on Friday, November 9th. The shares were bought at an average cost of $24.04 per share, with a total value of $480,800.00. Following the completion of the acquisition, the chief financial officer now owns 89,774 shares in the company, valued at $2,158,166.96. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ashish Masih acquired 12,500 shares of the company’s stock in a transaction on Friday, November 9th. The stock was acquired at an average cost of $24.26 per share, for a total transaction of $303,250.00. Following the completion of the acquisition, the insider now owns 114,187 shares of the company’s stock, valued at approximately $2,770,176.62. The disclosure for this purchase can be found here. 1.76% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Quantbot Technologies LP grew its holdings in Encore Capital Group by 522.2% in the third quarter. Quantbot Technologies LP now owns 4,231 shares of the asset manager’s stock valued at $151,000 after purchasing an additional 3,551 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Encore Capital Group in the third quarter valued at approximately $219,000. Stevens Capital Management LP acquired a new stake in Encore Capital Group in the second quarter valued at approximately $334,000. Dynamic Technology Lab Private Ltd acquired a new stake in Encore Capital Group in the second quarter valued at approximately $343,000. Finally, Trexquant Investment LP acquired a new stake in Encore Capital Group in the third quarter valued at approximately $380,000.

Shares of NASDAQ:ECPG traded down $0.59 during trading on Thursday, hitting $22.99. The stock had a trading volume of 15,514 shares, compared to its average volume of 333,647. Encore Capital Group has a 12-month low of $23.57 and a 12-month high of $47.80. The stock has a market cap of $767.60 million, a price-to-earnings ratio of 5.74, a PEG ratio of 0.40 and a beta of 1.84. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.58.

Encore Capital Group (NASDAQ:ECPG) last announced its quarterly earnings data on Wednesday, November 7th. The asset manager reported $1.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.19. Encore Capital Group had a return on equity of 19.38% and a net margin of 6.13%. The firm had revenue of $336.77 million during the quarter, compared to analysts’ expectations of $342.33 million. During the same period last year, the business posted $1.14 earnings per share. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. As a group, equities analysts anticipate that Encore Capital Group will post 4.74 EPS for the current fiscal year.

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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