Encore Capital Group, Inc. (NASDAQ:ECPG) Receives $62.33 Average Target Price from Analysts

Shares of Encore Capital Group, Inc. (NASDAQ:ECPG) have been assigned a consensus rating of “Buy” from the four research firms that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $62.33.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. ProShare Advisors LLC increased its stake in shares of Encore Capital Group by 7.4% in the first quarter. ProShare Advisors LLC now owns 4,692 shares of the asset manager’s stock valued at $214,000 after buying 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 worth $417,000 after acquiring an additional 364 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Encore Capital Group by 8.8% in the second quarter. Victory Capital Management Inc. now owns 4,980 shares of the asset manager’s stock valued at $208,000 after buying an additional 403 shares in the last quarter. KBC Group NV lifted its holdings in shares of Encore Capital Group by 54.9% in the third quarter. KBC Group NV now owns 1,365 shares of the asset manager’s stock valued at $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% during the third quarter. Huntington National Bank now owns 528 shares of the asset manager’s stock valued at $25,000 after purchasing an additional 522 shares in the last quarter.

Encore Capital Group Stock Performance

NASDAQ ECPG opened at $48.39 on Tuesday. The firm has a market capitalization of $1.15 billion, a P/E ratio of -6.16 and a beta of 1.56. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 3.39. The firm’s fifty day moving average price is $46.72 and its two-hundred day moving average price is $45.87. Encore Capital Group has a 1 year low of $39.64 and a 1 year high of $54.55.

Encore Capital Group (NASDAQ:ECPG) last posted its quarterly earnings results on Wednesday, November 6th. The asset manager reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.22). Encore Capital Group had a positive return on equity of 12.70% and a negative net margin of 13.91%. The business had revenue of $367.07 million for the quarter, compared to the consensus estimate of $360.70 million. During the same quarter in the previous year, the business posted $0.79 EPS. The company’s revenue for the quarter was up 18.6% on a year-over-year basis. As a group, research analysts anticipate that Encore Capital Group will post 5.09 EPS for the current year.

About Encore Capital Group

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.