Encore Capital Group, Inc. (ECPG) Receives $49.33 Consensus PT from Brokerages

Shares of Encore Capital Group, Inc. (NASDAQ:ECPG) have been given an average recommendation of “Hold” by the nine research firms that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $49.33.

A number of equities research analysts recently commented on ECPG shares. Oppenheimer set a $54.00 target price on shares of Encore Capital Group and gave the company a “buy” rating in a research report on Thursday, August 9th. ValuEngine raised shares of Encore Capital Group from a “sell” rating to a “hold” rating in a research report on Tuesday, September 4th. Zacks Investment Research cut shares of Encore Capital Group from a “buy” rating to a “hold” rating in a research report on Tuesday, July 10th. UBS Group cut shares of Encore Capital Group from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 2nd. Finally, William Blair restated an “outperform” rating on shares of Encore Capital Group in a research note on Thursday, August 9th.

A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. increased its stake 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 in the last quarter. Dimensional Fund Advisors LP increased its stake 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 in the last quarter. Millennium Management LLC increased its stake 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 in the last quarter. Northern Trust Corp increased its stake in Encore Capital Group by 7.3% during the 2nd quarter. Northern Trust Corp now owns 673,970 shares of the asset manager’s stock valued at $24,667,000 after purchasing an additional 45,877 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in Encore Capital Group by 42,962.2% during the 3rd quarter. Bank of Montreal Can now owns 400,909 shares of the asset manager’s stock valued at $14,372,000 after purchasing an additional 399,978 shares in the last quarter.

NASDAQ:ECPG opened at $29.48 on Wednesday. Encore Capital Group has a 52 week low of $28.78 and a 52 week high of $52.00. The company has a debt-to-equity ratio of 5.74, a current ratio of 0.63 and a quick ratio of 0.63. The company has a market cap of $889.05 million, a P/E ratio of 6.39, a PEG ratio of 0.46 and a beta of 1.55.

Encore Capital Group (NASDAQ:ECPG) last posted its earnings results on Wednesday, August 8th. The asset manager reported $1.33 EPS for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.21. Encore Capital Group had a net margin of 6.84% and a return on equity of 20.28%. The company had revenue of $349.75 million during the quarter, compared to analysts’ expectations of $335.05 million. During the same quarter in the prior year, the company posted $0.87 earnings per share. Encore Capital Group’s revenue for the quarter was up 20.2% compared to the same quarter last year. As a group, equities analysts anticipate that Encore Capital Group will post 4.8 EPS for the current fiscal year.

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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