Encore Capital Group, Inc. (NASDAQ:ECPG) Receives $62.33 Consensus PT from Analysts

Shares of Encore Capital Group, Inc. (NASDAQ:ECPG) have received an average rating of “Buy” from the four brokerages that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $62.33.

Several research firms have commented on ECPG. Truist Financial dropped their target price on Encore Capital Group from $70.00 to $64.00 and set a “buy” rating on the stock in a report on Tuesday, August 20th. StockNews.com upgraded shares of Encore Capital Group from a “hold” rating to a “buy” rating in a research note on Friday, November 29th. JMP Securities upped their target price on shares of Encore Capital Group from $60.00 to $65.00 and gave the stock a “market outperform” rating in a research note on Thursday, November 7th. Northland Capmk raised shares of Encore Capital Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 17th. Finally, Northland Securities raised Encore Capital Group from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $55.00 to $58.00 in a research report on Thursday, October 17th.

Insider Transactions at Encore Capital Group

In other news, Director Laura Olle sold 1,340 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $49.16, for a total transaction of $65,874.40. Following the transaction, the director now owns 32,381 shares in the company, valued at $1,591,849.96. This trade represents a 3.97 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.63% of the company’s stock.

Hedge Funds Weigh In On Encore Capital Group

Large investors have recently added to or reduced their stakes in the stock. Sei Investments Co. increased its stake in shares of Encore Capital Group by 14.0% during the second quarter. Sei Investments Co. now owns 73,105 shares of the asset manager’s stock worth $3,051,000 after purchasing an additional 8,991 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Encore Capital Group during the 3rd quarter worth approximately $695,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Encore Capital Group by 177.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 22,550 shares of the asset manager’s stock valued at $1,066,000 after acquiring an additional 14,409 shares during the last quarter. Creative Planning lifted its position in shares of Encore Capital Group by 27.7% in the third quarter. Creative Planning now owns 7,155 shares of the asset manager’s stock valued at $338,000 after acquiring an additional 1,552 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of Encore Capital Group in the third quarter worth approximately $409,000.

Encore Capital Group Stock Performance

Shares of Encore Capital Group stock opened at $49.36 on Friday. The business has a fifty day simple moving average of $47.28 and a two-hundred day simple moving average of $46.42. The firm has a market capitalization of $1.17 billion, a P/E ratio of -6.29 and a beta of 1.55. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 3.39. Encore Capital Group has a 12 month low of $39.64 and a 12 month high of $54.55.

Encore Capital Group (NASDAQ:ECPG) last announced its earnings results on Wednesday, November 6th. The asset manager reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.22). Encore Capital Group had a negative net margin of 13.91% and a positive return on equity of 12.70%. The business had revenue of $367.07 million for the quarter, compared to the consensus estimate of $360.70 million. During the same period in the prior year, the business posted $0.79 EPS. Encore Capital Group’s revenue for the quarter was up 18.6% on a year-over-year basis. On average, equities analysts forecast that Encore Capital Group will post 5.09 earnings per share for the current fiscal year.

Encore Capital Group Company Profile

Encore Capital Group, Inc, a specialty finance company, provides debt recovery solutions and other related services for consumers across 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.