Encore Capital Group Inc (NASDAQ:ECPG) Stock Has Average Price Target of $89.75 According to Brokerages

Shares of Encore Capital Group Inc (NASDAQ:ECPG) have earned a consensus recommendation of “Buy” from the six analysts that are covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $89.75.

Several equities analysts have recently commented on the stock. Citigroup reaffirmed a “market outperform” rating on shares of Encore Capital Group in a research note on Tuesday, August 11th. Citizens Jmp lifted their price objective on Encore Capital Group from $108.00 to $115.00 and gave the stock a “market outperform” rating in a research report on Wednesday, June 17th. Truist Financial boosted their target price on Encore Capital Group from $105.00 to $112.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Zacks Research raised shares of Encore Capital Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Finally, Weiss Ratings raised shares of Encore Capital Group from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, August 3rd.

Encore Capital Group Stock Performance

Encore Capital Group stock opened at $95.25 on Friday. The firm has a fifty day simple moving average of $97.43 and a two-hundred day simple moving average of $86.69. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 3.87. Encore Capital Group has a twelve month low of $39.94 and a twelve month high of $104.98. The company has a market capitalization of $2.02 billion, a PE ratio of 7.21 and a beta of 1.27.

Encore Capital Group (NASDAQ:ECPG) last announced its quarterly earnings data on Wednesday, August 5th. The asset manager reported $2.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.67 by $0.14. Encore Capital Group had a return on equity of 29.83% and a net margin of 15.86%.The firm had revenue of $491.87 million for the quarter, compared to analysts’ expectations of $455.10 million. During the same period last year, the firm earned $2.49 earnings per share. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. Encore Capital Group has set its FY 2026 guidance at 13.000-14.000 EPS. Research analysts expect that Encore Capital Group will post 13.52 EPS for the current year.

Institutional Trading of Encore Capital Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE bought a new position in shares of Encore Capital Group in the 2nd quarter worth approximately $8,210,000. Assenagon Asset Management S.A. boosted its position in shares of Encore Capital Group by 380.5% during the second quarter. Assenagon Asset Management S.A. now owns 56,105 shares of the asset manager’s stock valued at $5,234,000 after purchasing an additional 44,429 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Encore Capital Group during the second quarter valued at approximately $11,664,000. Hillsdale Investment Management Inc. bought a new stake in shares of Encore Capital Group during the fourth quarter valued at approximately $7,453,000. Finally, Hsbc Holdings PLC grew its stake in Encore Capital Group by 36.6% in the second quarter. Hsbc Holdings PLC now owns 48,827 shares of the asset manager’s stock worth $4,554,000 after purchasing an additional 13,089 shares during the period.

Encore Capital Group Company Profile

Encore Capital Group, Inc is a global specialty finance company that purchases and manages portfolios of charged-off consumer receivables. The company acquires accounts from banks, credit unions, telecommunications providers and other credit issuers, then works with consumers to resolve their outstanding obligations through repayment programs and other account-management solutions.

Encore conducts its consumer debt recovery activities through brands and operating businesses including Midland Credit Management in the United States and Cabot Credit Management in Europe.