Encore Capital Group, Inc. (NASDAQ:ECPG) Receives Consensus Rating of "Buy" from Brokerages

Shares of Encore Capital Group, Inc. (NASDAQ:ECPG - Get Free Report) have been assigned a consensus recommendation of "Buy" from the four research firms that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $62.33.

A number of brokerages have issued reports on ECPG. Northland Securities raised Encore Capital Group from a "market perform" rating to an "outperform" rating and upped their target price for the stock from $55.00 to $58.00 in a report on Thursday, October 17th. StockNews.com upgraded shares of Encore Capital Group from a "hold" rating to a "buy" rating in a report on Tuesday. Truist Financial decreased their target price on Encore Capital Group from $70.00 to $64.00 and set a "buy" rating for the company in a research note on Tuesday, August 20th. JMP Securities raised their price target on shares of Encore Capital Group from $60.00 to $65.00 and gave the stock a "market outperform" rating in a report on Thursday, November 7th. Finally, Northland Capmk raised shares of Encore Capital Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, October 17th.

Encore Capital Group Trading Up 0.3 %

Encore Capital Group stock traded up $0.15 during mid-day trading on Tuesday, reaching $48.54. 30,390 shares of the company were exchanged, compared to its average volume of 148,642. The company has a debt-to-equity ratio of 3.39, a current ratio of 1.11 and a quick ratio of 1.11. The company has a fifty day simple moving average of $46.72 and a 200-day simple moving average of $45.87. Encore Capital Group has a 12 month low of $39.64 and a 12 month high of $54.55.

Encore Capital Group (NASDAQ:ECPG - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The asset manager reported $1.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.48 by ($0.22). The firm had revenue of $367.07 million during the quarter, compared to the consensus estimate of $360.70 million. Encore Capital Group had a negative net margin of 13.91% and a positive return on equity of 12.70%. The business's revenue was up 18.6% compared to the same quarter last year. During the same period last year, the business earned $0.79 earnings per share. As a group, equities analysts anticipate that Encore Capital Group will post 5.09 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. ProShare Advisors LLC raised its position in Encore Capital Group by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 4,692 shares of the asset manager's stock worth $214,000 after purchasing an additional 323 shares during the period. Verition Fund Management LLC boosted its holdings in Encore Capital Group by 4.3% in the third quarter. Verition Fund Management LLC now owns 8,828 shares of the asset manager's stock valued at $417,000 after acquiring an additional 364 shares in the last quarter. Victory Capital Management Inc. increased its position in Encore Capital Group by 8.8% during the 2nd quarter. Victory Capital Management Inc. now owns 4,980 shares of the asset manager's stock valued at $208,000 after purchasing an additional 403 shares during the period. KBC Group NV raised its holdings in Encore Capital Group by 54.9% in the 3rd quarter. KBC Group NV now owns 1,365 shares of the asset manager's stock worth $65,000 after purchasing an additional 484 shares in the last quarter. Finally, Huntington National Bank lifted its position in shares of Encore Capital Group by 8,700.0% in the 3rd quarter. Huntington National Bank now owns 528 shares of the asset manager's stock worth $25,000 after purchasing an additional 522 shares during the period.

Encore Capital Group Company Profile

Encore Capital Group, Inc, a specialty finance company, provides debt recovery solutions and other related services for consumers across 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.