Analysts Set Encore Capital Group Inc (NASDAQ:ECPG) Price Target at $89.75

Shares of Encore Capital Group Inc (NASDAQ:ECPG) have been assigned a consensus recommendation of “Buy” from the six brokerages that are currently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $89.75.

Several equities research analysts have recently commented on the stock. Citizens Jmp boosted their target price on shares of Encore Capital Group from $108.00 to $115.00 and gave the company a “market outperform” rating in a research note on Wednesday, June 17th. Citigroup restated a “market outperform” rating on shares of Encore Capital Group in a research report on Tuesday, August 11th. Weiss Ratings raised shares of Encore Capital Group from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, August 3rd. Zacks Research raised shares of Encore Capital Group from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Finally, Truist Financial lifted their target price on shares of Encore Capital Group from $105.00 to $112.00 and gave the company a “buy” rating in a research note on Thursday, August 6th.

Encore Capital Group Price Performance

Encore Capital Group stock opened at $98.86 on Wednesday. The business has a 50 day simple moving average of $95.17 and a 200 day simple moving average of $83.27. The company has a debt-to-equity ratio of 3.87, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market capitalization of $2.10 billion, a PE ratio of 7.48 and a beta of 1.27. Encore Capital Group has a one year low of $39.94 and a one year high of $104.98.

Encore Capital Group (NASDAQ:ECPG) last announced its quarterly earnings results on Wednesday, August 5th. The asset manager reported $2.81 earnings per share for the quarter, beating analysts’ consensus estimates of $2.67 by $0.14. Encore Capital Group had a return on equity of 29.83% and a net margin of 15.86%.The firm had revenue of $491.87 million for the quarter, compared to analysts’ expectations of $455.10 million. During the same period in the prior year, the business posted $2.49 earnings per share. The business’s revenue was up 11.3% compared to the same quarter last year. Encore Capital Group has set its FY 2026 guidance at 13.000-14.000 EPS. On average, sell-side analysts forecast that Encore Capital Group will post 13.52 EPS for the current fiscal year.

Hedge Funds Weigh In On Encore Capital Group

Several institutional investors have recently bought and sold shares of ECPG. Royal Bank of Canada grew its holdings in shares of Encore Capital Group by 97.9% during the first quarter. Royal Bank of Canada now owns 33,620 shares of the asset manager’s stock worth $1,153,000 after purchasing an additional 16,634 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Encore Capital Group by 263.0% in the first quarter. AQR Capital Management LLC now owns 68,860 shares of the asset manager’s stock valued at $2,361,000 after buying an additional 49,892 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Encore Capital Group by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,929 shares of the asset manager’s stock worth $477,000 after buying an additional 612 shares in the last quarter. Empowered Funds LLC lifted its position in Encore Capital Group by 2.0% during the 1st quarter. Empowered Funds LLC now owns 90,910 shares of the asset manager’s stock worth $3,116,000 after buying an additional 1,806 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Encore Capital Group by 7.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 78,465 shares of the asset manager’s stock worth $2,690,000 after acquiring an additional 5,672 shares during the last quarter.

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.