BidaskClub lowered shares of Encore Capital Group (NASDAQ:ECPG) from a sell rating to a strong sell rating in a research report sent to investors on Thursday morning.

A number of other research analysts also recently issued reports on ECPG. Zacks Investment Research downgraded shares of Encore Capital Group from a hold rating to a sell rating in a research report on Tuesday, October 31st. Northland Securities restated a hold rating and issued a $49.00 price target on shares of Encore Capital Group in a research report on Friday, November 3rd. SunTrust Banks restated a buy rating and issued a $57.00 price target on shares of Encore Capital Group in a research report on Friday, November 3rd. Janney Montgomery Scott restated a hold rating on shares of Encore Capital Group in a research report on Saturday, November 18th. Finally, ValuEngine upgraded shares of Encore Capital Group from a buy rating to a strong-buy rating in a research report on Sunday, December 31st. Two research analysts have rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Encore Capital Group currently has a consensus rating of Hold and a consensus price target of $48.10.

Shares of Encore Capital Group (NASDAQ ECPG) opened at $41.50 on Thursday. Encore Capital Group has a 1-year low of $28.95 and a 1-year high of $52.00. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 5.60. The firm has a market cap of $1,068.42, a P/E ratio of 11.69, a price-to-earnings-growth ratio of 0.79 and a beta of 1.82.

Encore Capital Group (NASDAQ:ECPG) last posted its earnings results on Thursday, November 2nd. The asset manager reported $1.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.24. Encore Capital Group had a net margin of 8.18% and a return on equity of 17.27%. equities analysts predict that Encore Capital Group will post 3.91 earnings per share for the current fiscal year.

In other news, insider Paul Grinberg sold 38,546 shares of the business’s stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $42.43, for a total value of $1,635,506.78. Following the transaction, the insider now owns 250,171 shares in the company, valued at approximately $10,614,755.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 95,365 shares of company stock worth $4,015,307 in the last 90 days. Corporate insiders own 8.80% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Schwab Charles Investment Management Inc. lifted its position in shares of Encore Capital Group by 17.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 118,742 shares of the asset manager’s stock valued at $4,768,000 after acquiring an additional 17,822 shares during the period. Legal & General Group Plc lifted its position in shares of Encore Capital Group by 8.7% during the 2nd quarter. Legal & General Group Plc now owns 44,447 shares of the asset manager’s stock valued at $1,784,000 after acquiring an additional 3,561 shares during the period. Principal Financial Group Inc. lifted its position in shares of Encore Capital Group by 3.5% during the 2nd quarter. Principal Financial Group Inc. now owns 185,181 shares of the asset manager’s stock valued at $7,435,000 after acquiring an additional 6,182 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Encore Capital Group by 29.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 77,640 shares of the asset manager’s stock valued at $3,117,000 after acquiring an additional 17,543 shares during the period. Finally, Alliancebernstein L.P. lifted its position in shares of Encore Capital Group by 29.5% during the 2nd quarter. Alliancebernstein L.P. now owns 47,679 shares of the asset manager’s stock valued at $1,914,000 after acquiring an additional 10,860 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.

Analyst Recommendations for Encore Capital Group (NASDAQ:ECPG)

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