Encore Capital Group Inc (NASDAQ:ECPG – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the six brokerages that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $88.00.
A number of research firms recently weighed in on ECPG. Citizens Jmp raised 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 report on Wednesday, June 17th. Citigroup reissued a “market outperform” rating on shares of Encore Capital Group in a research report on Wednesday, June 17th. Weiss Ratings downgraded shares of Encore Capital Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 8th. Zacks Research cut Encore Capital Group from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Finally, Truist Financial lifted their target price on Encore Capital Group from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, May 7th.
Get Our Latest Analysis on Encore Capital Group
Encore Capital Group Trading Down 1.1%
Encore Capital Group (NASDAQ:ECPG – Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The asset manager reported $3.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.02 by $0.84. The company had revenue of $475.41 million for the quarter, compared to the consensus estimate of $446.26 million. Encore Capital Group had a net margin of 16.00% and a return on equity of 30.70%. The firm’s revenue was up 21.0% compared to the same quarter last year. During the same period last year, the company earned $1.93 earnings per share. Encore Capital Group has set its FY 2026 guidance at 13.000-13.000 EPS. As a group, analysts expect that Encore Capital Group will post 13.01 EPS for the current fiscal year.
Insiders Place Their Bets
In other Encore Capital Group news, insider John Yung sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $82.08, for a total value of $164,160.00. Following the completion of the transaction, the insider directly owned 64,570 shares in the company, valued at $5,299,905.60. This trade represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.00% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Encore Capital Group
Several large investors have recently made changes to their positions in the stock. IFP Advisors Inc increased its holdings in Encore Capital Group by 1,729.6% during the fourth quarter. IFP Advisors Inc now owns 494 shares of the asset manager’s stock worth $27,000 after buying an additional 467 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Encore Capital Group by 185.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 717 shares of the asset manager’s stock valued at $39,000 after acquiring an additional 466 shares during the last quarter. Allworth Financial LP lifted its stake in Encore Capital Group by 29.1% in the fourth quarter. Allworth Financial LP now owns 1,139 shares of the asset manager’s stock valued at $62,000 after acquiring an additional 257 shares during the last quarter. Meeder Asset Management Inc. bought a new position in shares of Encore Capital Group in the 1st quarter valued at about $165,000. Finally, Tower Research Capital LLC TRC grew its position in shares of Encore Capital Group by 168.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,716 shares of the asset manager’s stock valued at $105,000 after acquiring an additional 1,706 shares during the period.
Encore Capital Group Company Profile
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.
See Also
- Five stocks we like better than Encore Capital Group
- Netflix May Be Cheap Enough to Tempt Buyers After Earnings Drop
- Delta vs. United: Which Airline Is Better Built for Higher Fuel Costs?
- The Market Sold Alcoa After Earnings—But It May Be Missing the Real Story
- Why Intuitive Surgical’s Strong Quarter Still Spooked Investors
Receive News & Ratings for Encore Capital Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Encore Capital Group and related companies with MarketBeat.com's FREE daily email newsletter.
