Brokerages Set Encore Capital Group, Inc. (ECPG) Target Price at $38.50

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.

Several institutional investors have recently modified their holdings of ECPG. JPMorgan Chase & Co. lifted its holdings in shares of Encore Capital Group by 118.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 132,356 shares of the asset manager’s stock worth $4,745,000 after acquiring an additional 71,722 shares during the period. MetLife Investment Advisors LLC lifted its holdings in shares of Encore Capital Group by 54.2% during the 3rd quarter. MetLife Investment Advisors LLC now owns 17,687 shares of the asset manager’s stock worth $634,000 after acquiring an additional 6,218 shares during the period. Legal & General Group Plc lifted its holdings in shares of Encore Capital Group by 15.1% during the 3rd quarter. Legal & General Group Plc now owns 59,315 shares of the asset manager’s stock worth $2,147,000 after acquiring an additional 7,787 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Encore Capital Group by 12.0% during the 3rd quarter. Vanguard Group Inc. now owns 2,751,092 shares of the asset manager’s stock worth $98,626,000 after acquiring an additional 294,742 shares during the period. Finally, Clearbridge Investments LLC lifted its holdings in shares of Encore Capital Group by 967,574.5% during the 3rd quarter. Clearbridge Investments LLC now owns 454,807 shares of the asset manager’s stock worth $16,305,000 after acquiring an additional 454,760 shares during the period.

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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Analyst Recommendations for Encore Capital Group (NASDAQ:ECPG)

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