Encore Capital Group Inc. (ECPG) Receives Average Rating of “Hold” from Brokerages
Shares of Encore Capital Group Inc. (NASDAQ:ECPG) have earned a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $32.67.
Several brokerages have commented on ECPG. Zacks Investment Research upgraded shares of Encore Capital Group from a “sell” rating to a “hold” rating in a research note on Thursday, June 16th. Northland Securities lowered shares of Encore Capital Group from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $37.00 to $21.00 in a research note on Friday, August 5th. Finally, Citigroup Inc. dropped their price target on shares of Encore Capital Group from $32.00 to $31.00 and set a “buy” rating on the stock in a research note on Monday, August 8th.
Shares of Encore Capital Group (NASDAQ:ECPG) traded down 1.25% during mid-day trading on Thursday, reaching $21.25. 104,337 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $21.99 and its 200-day moving average price is $24.03. Encore Capital Group has a one year low of $16.09 and a one year high of $41.44. The company has a market capitalization of $542.43 million, a PE ratio of 12.76 and a beta of 1.56.
Encore Capital Group (NASDAQ:ECPG) last released its earnings results on Thursday, August 4th. The company reported $1.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.08. Encore Capital Group had a net margin of 3.72% and a return on equity of 21.89%. The firm had revenue of $289 million for the quarter, compared to analyst estimates of $296.97 million. During the same period in the prior year, the firm earned $1.21 earnings per share. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, equities analysts expect that Encore Capital Group will post $5.02 earnings per share for the current year.
In other news, Director Willem Mesdag acquired 25,000 shares of the firm’s stock in a transaction dated Monday, August 8th. The stock was acquired at an average cost of $20.85 per share, with a total value of $521,250.00. Following the completion of the acquisition, the director now owns 36,278 shares of the company’s stock, valued at $756,396.30. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 8.69% of the stock is owned by insiders.
Several large investors have recently bought and sold shares of ECPG. Mason Street Advisors LLC purchased a new stake in Encore Capital Group during the second quarter valued at $109,000. Sterling Capital Management LLC increased its stake in Encore Capital Group by 7.8% in the second quarter. Sterling Capital Management LLC now owns 13,808 shares of the company’s stock valued at $325,000 after buying an additional 997 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in Encore Capital Group by 1.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 80,080 shares of the company’s stock valued at $1,885,000 after buying an additional 1,314 shares during the last quarter. Elk Creek Partners LLC increased its stake in Encore Capital Group by 3.4% in the second quarter. Elk Creek Partners LLC now owns 460,767 shares of the company’s stock valued at $10,842,000 after buying an additional 15,063 shares during the last quarter. Finally, Arizona State Retirement System increased its stake in Encore Capital Group by 2.5% in the second quarter. Arizona State Retirement System now owns 12,357 shares of the company’s stock valued at $291,000 after buying an additional 300 shares during the last quarter.
Encore Capital Group Company Profile
Encore Capital Group, Inc, through its subsidiaries, is a specialty finance company providing debt recovery solutions for consumers and property owners across a range of financial assets. The Company operates through two segments: Portfolio Purchasing and Recovery, and Tax Lien Business. Its portfolio purchasing and recovery segment purchases portfolios of defaulted consumer receivables at discounts and manages them by partnering with individuals as they repay their obligations and work toward financial recovery.
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