Encore Capital Group Inc (NASDAQ:ECPG) Receives Average Rating of “Buy” from Analysts

Encore Capital Group Inc (NASDAQ:ECPG) has earned an average rating of “Buy” from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $89.75.

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

Encore Capital Group Stock Performance

NASDAQ:ECPG opened at $95.92 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 3.87. Encore Capital Group has a twelve month low of $39.94 and a twelve month high of $104.98. The company has a fifty day moving average of $97.85 and a 200-day moving average of $87.14. The firm has a market capitalization of $2.03 billion, a P/E ratio of 7.26 and a beta of 1.30.

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

Institutional Trading of Encore Capital Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sequoia Financial Advisors LLC bought a new stake in shares of Encore Capital Group during the second quarter worth about $219,000. Tidal Investments LLC lifted its position in Encore Capital Group by 26.7% in the 2nd quarter. Tidal Investments LLC now owns 4,713 shares of the asset manager’s stock valued at $440,000 after acquiring an additional 993 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in Encore Capital Group in the 2nd quarter valued at about $225,000. Allworth Financial LP boosted its stake in Encore Capital Group by 12.1% during the 2nd quarter. Allworth Financial LP now owns 1,461 shares of the asset manager’s stock valued at $136,000 after purchasing an additional 158 shares during the last quarter. Finally, Corient Private Wealth LP acquired a new position in Encore Capital Group during the 2nd quarter valued at about $583,000.

About Encore Capital Group

Encore Capital Group, Inc is a global specialty finance company that purchases portfolios of charged-off consumer receivables and works with individuals to resolve their outstanding obligations. The company manages these accounts through a range of repayment solutions, including flexible payment arrangements and other servicing programs designed to help consumers address unpaid debts.

Encore operates primarily through Midland Credit Management in the United States and Cabot Credit Management in Europe and other international markets.