Shares of Encore Capital Group, Inc. (NASDAQ:ECPG) have been assigned a consensus rating of “Hold” from the nine analysts that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $38.50.
A number of research analysts have issued reports on the stock. JMP Securities increased their target price on shares of Encore Capital Group from $37.00 to $42.00 and gave the stock a “market outperform” rating in a research report on Thursday, February 28th. Zacks Investment Research upgraded shares of Encore Capital Group from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. BidaskClub upgraded shares of Encore Capital Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 22nd. ValuEngine upgraded shares of Encore Capital Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, February 13th. Finally, Oppenheimer set a $37.00 target price on shares of Encore Capital Group and gave the stock a “buy” rating in a research report on Wednesday, April 17th.
In other Encore Capital Group news, major shareholder Jcf Iii Europe Holdings L.P. sold 1,500,000 shares of the stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $30.17, for a total transaction of $45,255,000.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.76% of the company’s stock.
Shares of NASDAQ:ECPG opened at $27.90 on Friday. Encore Capital Group has a 12-month low of $20.38 and a 12-month high of $47.80. The company has a market cap of $863.98 million, a price-to-earnings ratio of 5.60, a price-to-earnings-growth ratio of 0.43 and a beta of 1.98. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 4.26.
Encore Capital Group (NASDAQ:ECPG) last announced its earnings results on Wednesday, February 27th. The asset manager reported $1.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.23. Encore Capital Group had a net margin of 8.51% and a return on equity of 20.21%. The firm had revenue of $348.72 million for the quarter, compared to analyst estimates of $341.81 million. During the same quarter in the prior year, the business posted $1.05 EPS. The business’s revenue was up 9.8% compared to the same quarter last year. Equities analysts expect that Encore Capital Group will post 5.19 earnings per share for the current fiscal year.
Encore Capital Group Company Profile
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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