A number of other brokerages have also issued reports on ECPG. ValuEngine lowered shares of Encore Capital Group from a “sell” rating to a “strong sell” rating in a research report on Friday, March 20th. Zacks Investment Research upgraded shares of Encore Capital Group from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Friday, February 28th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $41.50.
Shares of Encore Capital Group stock opened at $29.65 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 3.43. The stock has a market capitalization of $719.92 million, a price-to-earnings ratio of 5.56, a P/E/G ratio of 0.29 and a beta of 1.17. Encore Capital Group has a 1-year low of $15.27 and a 1-year high of $40.16. The firm’s 50-day moving average price is $33.23 and its two-hundred day moving average price is $34.62.
Encore Capital Group (NASDAQ:ECPG) last issued its quarterly earnings data on Wednesday, February 26th. The asset manager reported $1.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.45 by $0.11. The firm had revenue of $347.79 million for the quarter, compared to analysts’ expectations of $349.11 million. Encore Capital Group had a net margin of 12.01% and a return on equity of 20.10%. As a group, equities research analysts predict that Encore Capital Group will post 6.6 EPS for the current year.
Several hedge funds have recently made changes to their positions in ECPG. Prudential Financial Inc. raised its holdings in Encore Capital Group by 44.3% in the fourth quarter. Prudential Financial Inc. now owns 311,399 shares of the asset manager’s stock worth $11,011,000 after purchasing an additional 95,659 shares during the period. Squarepoint Ops LLC raised its holdings in Encore Capital Group by 151.7% in the third quarter. Squarepoint Ops LLC now owns 34,983 shares of the asset manager’s stock worth $1,166,000 after purchasing an additional 21,083 shares during the period. Granahan Investment Management Inc. MA raised its holdings in Encore Capital Group by 39.3% in the third quarter. Granahan Investment Management Inc. MA now owns 87,793 shares of the asset manager’s stock worth $2,926,000 after purchasing an additional 24,770 shares during the period. State Street Corp raised its holdings in Encore Capital Group by 4.9% in the third quarter. State Street Corp now owns 847,003 shares of the asset manager’s stock worth $28,226,000 after purchasing an additional 39,253 shares during the period. Finally, Voloridge Investment Management LLC raised its holdings in Encore Capital Group by 25.9% in the third quarter. Voloridge Investment Management LLC now owns 16,240 shares of the asset manager’s stock worth $541,000 after purchasing an additional 3,341 shares during the period.
About Encore Capital Group
Encore Capital Group, Inc, a specialty finance company, together with its subsidiaries, provides debt recovery solutions and other related services for consumers across a range of financial assets worldwide. The company purchases portfolios of defaulted consumer receivables at deep discounts to face value, as well as manages them by working with individuals as they repay their obligations and works toward financial recovery.
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