Encore Capital Group (NASDAQ:ECPG) Upgraded by ValuEngine to Hold

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

A number of other analysts have also issued reports on the company. BidaskClub upgraded Encore Capital Group from a sell rating to a hold rating in a report on Thursday, July 25th. Oppenheimer set a $37.00 price target on Encore Capital Group and gave the company a buy rating in a report on Wednesday, April 17th. Northland Securities reiterated a buy rating and issued a $40.00 price target on shares of Encore Capital Group in a report on Thursday. Finally, Zacks Investment Research upgraded Encore Capital Group from a hold rating to a buy rating and set a $42.00 price target for the company in a report on Friday. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Encore Capital Group presently has a consensus rating of Buy and an average price target of $39.80.

Shares of NASDAQ:ECPG traded up $1.55 during trading hours on Friday, hitting $39.16. 471,126 shares of the company’s stock traded hands, compared to its average volume of 253,035. Encore Capital Group has a 1 year low of $20.38 and a 1 year high of $41.50. The firm has a fifty day simple moving average of $34.65. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 7.86, a P/E/G ratio of 0.52 and a beta of 1.49. The company has a quick ratio of 0.85, a current ratio of 0.77 and a debt-to-equity ratio of 3.91.

Encore Capital Group (NASDAQ:ECPG) last announced its quarterly earnings results on Wednesday, August 7th. The asset manager reported $1.28 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.28. The firm had revenue of $346.87 million during the quarter, compared to analyst estimates of $353.89 million. Encore Capital Group had a return on equity of 19.85% and a net margin of 11.14%. Encore Capital Group’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.33 earnings per share. On average, analysts predict that Encore Capital Group will post 5.59 EPS for the current year.

A number of large investors have recently modified their holdings of the stock. New York State Teachers Retirement System raised its stake in Encore Capital Group by 0.7% in the second quarter. New York State Teachers Retirement System now owns 43,931 shares of the asset manager’s stock worth $1,488,000 after buying an additional 300 shares in the last quarter. Arizona State Retirement System raised its stake in Encore Capital Group by 0.8% in the second quarter. Arizona State Retirement System now owns 39,870 shares of the asset manager’s stock worth $1,350,000 after buying an additional 327 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in Encore Capital Group by 3.4% in the second quarter. Crossmark Global Holdings Inc. now owns 11,280 shares of the asset manager’s stock worth $382,000 after buying an additional 367 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in Encore Capital Group by 2.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 18,363 shares of the asset manager’s stock worth $432,000 after buying an additional 403 shares in the last quarter. Finally, Texas Permanent School Fund raised its stake in Encore Capital Group by 3.9% in the first quarter. Texas Permanent School Fund now owns 17,405 shares of the asset manager’s stock worth $474,000 after buying an additional 648 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.

See Also: How to calculate the intrinsic value of a stock

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Encore Capital Group (NASDAQ:ECPG)

Receive News & Ratings for Encore Capital Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Encore Capital Group and related companies with MarketBeat.com's FREE daily email newsletter.