Shares of Encore Capital Group Inc (NASDAQ:ECPG) hit a new 52-week high on Thursday . The company traded as high as $46.45 and last traded at $46.45, with a volume of 67,594 shares changing hands. The stock had previously closed at $45.65.

A number of analysts have recently weighed in on the company. ValuEngine upgraded Encore Capital Group from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $49.50 price target on shares of Encore Capital Group in a report on Thursday, August 10th. Zacks Investment Research upgraded Encore Capital Group from a “sell” rating to a “hold” rating in a report on Monday, August 7th. Northland Securities reiterated a “hold” rating and issued a $44.00 price target on shares of Encore Capital Group in a report on Friday, August 4th. Finally, BidaskClub cut Encore Capital Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Six equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Encore Capital Group presently has a consensus rating of “Hold” and an average price target of $38.88.

The stock’s 50 day moving average price is $42.23 and its 200 day moving average price is $38.51. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 18.74 and a beta of 1.79.

Encore Capital Group (NASDAQ:ECPG) last posted its quarterly earnings data on Thursday, August 3rd. The asset manager reported $0.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.05. Encore Capital Group had a net margin of 6.28% and a return on equity of 12.38%. The company had revenue of $290.92 million for the quarter, compared to analyst estimates of $275.18 million. During the same period in the prior year, the company posted $1.29 EPS. The firm’s revenue for the quarter was up .5% on a year-over-year basis. On average, equities research analysts expect that Encore Capital Group Inc will post $3.69 earnings per share for the current year.

Several large investors have recently modified their holdings of ECPG. FMR LLC increased its holdings in Encore Capital Group by 110.6% during the second quarter. FMR LLC now owns 1,298,705 shares of the asset manager’s stock valued at $52,142,000 after buying an additional 682,097 shares during the period. Vanguard Group Inc. increased its holdings in Encore Capital Group by 8.6% during the first quarter. Vanguard Group Inc. now owns 2,128,159 shares of the asset manager’s stock valued at $65,547,000 after buying an additional 169,254 shares during the period. SG Americas Securities LLC increased its holdings in Encore Capital Group by 417.6% during the second quarter. SG Americas Securities LLC now owns 201,483 shares of the asset manager’s stock valued at $8,090,000 after buying an additional 162,554 shares during the period. William Blair Investment Management LLC increased its holdings in Encore Capital Group by 5.3% during the second quarter. William Blair Investment Management LLC now owns 2,370,092 shares of the asset manager’s stock valued at $95,159,000 after buying an additional 119,655 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in Encore Capital Group by 13.9% during the second quarter. Ameriprise Financial Inc. now owns 839,303 shares of the asset manager’s stock valued at $33,696,000 after buying an additional 102,413 shares during the period.

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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 Portfolio Purchasing and Recovery segment. The Company’s geographical segments include the United States, Europe and other.

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