Encore Capital Group (NASDAQ:ECPG) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Encore Capital Group Inc (NASDAQ:ECPG) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $68.75 and traded as high as $90.74. Encore Capital Group shares last traded at $90.62, with a volume of 660,223 shares traded.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ECPG. Citizens Jmp boosted their target price on shares of 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. Zacks Research upgraded Encore Capital Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 26th. Wall Street Zen lowered Encore Capital Group from a “strong-buy” rating to a “hold” rating in a research note on Saturday, May 9th. Truist Financial boosted their price objective on Encore Capital Group from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Finally, Citigroup restated a “market outperform” rating on shares of Encore Capital Group in a research note on Wednesday, June 17th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Encore Capital Group has a consensus rating of “Buy” and a consensus price target of $88.00.

Encore Capital Group Trading Up 3.7%

The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 7.03 and a beta of 1.30. The company’s 50 day moving average is $82.14 and its 200 day moving average is $68.75. The company has a debt-to-equity ratio of 3.90, a quick ratio of 0.90 and a current ratio of 0.90.

Encore Capital Group (NASDAQ:ECPG) last posted its quarterly earnings results on Wednesday, May 6th. The asset manager reported $3.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.02 by $0.84. The company had revenue of $475.41 million for the quarter, compared to analyst estimates of $446.26 million. Encore Capital Group had a net margin of 16.00% and a return on equity of 30.70%. The business’s quarterly revenue was up 21.0% on a year-over-year basis. During the same period last year, the business posted $1.93 EPS. Encore Capital Group has set its FY 2026 guidance at 13.000-13.000 EPS. On average, research analysts forecast that Encore Capital Group Inc will post 13.01 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider John Yung sold 2,000 shares of the business’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $82.08, for a total transaction of $164,160.00. Following the transaction, the insider directly owned 64,570 shares in the company, valued at $5,299,905.60. The trade was a 3.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.00% of the stock is currently owned by company insiders.

Institutional Trading of Encore Capital Group

A number of hedge funds have recently modified their holdings of ECPG. Carnegie Investment Counsel acquired a new position in shares of Encore Capital Group in the fourth quarter valued at $1,453,000. Hillsdale Investment Management Inc. bought a new position in Encore Capital Group in the fourth quarter worth $7,453,000. Wakefield Asset Management LLLP acquired a new stake in Encore Capital Group during the fourth quarter worth $1,234,000. Tudor Investment Corp ET AL acquired a new stake in Encore Capital Group during the third quarter worth $586,000. Finally, CWM LLC increased its holdings in Encore Capital Group by 99.6% in the 4th quarter. CWM LLC now owns 25,045 shares of the asset manager’s stock valued at $1,361,000 after buying an additional 12,499 shares during the period.

About Encore Capital Group

Encore Capital Group, Inc is a global specialty finance company that focuses on the purchase and management of nonperforming consumer receivables. Through its subsidiaries, the company acquires charged-off debt portfolios from credit card issuers, banks, and other financial institutions, and seeks to recover outstanding balances through a combination of customer outreach, payment arrangements, and, where appropriate, legal collection efforts. Encore’s business model emphasizes compliance with regulatory and industry standards to ensure ethical and transparent debt-recovery practices.

Headquartered in San Diego, California, Encore operates across North America and Europe.