SunTrust Banks, Inc. reaffirmed their buy rating on shares of Encore Capital Group Inc (NASDAQ:ECPG) in a research report report published on Friday, November 3rd. They currently have a $57.00 price target on the asset manager’s stock.
Other research analysts have also recently issued reports about the stock. Keefe, Bruyette & Woods reiterated a buy rating and issued a $49.50 target price on shares of Encore Capital Group in a research note on Thursday, August 10th. Northland Securities restated a hold rating and set a $44.00 price target on shares of Encore Capital Group in a research note on Friday, August 4th. BidaskClub cut shares of Encore Capital Group from a buy rating to a hold rating in a research note on Tuesday, August 1st. Zacks Investment Research raised shares of Encore Capital Group from a sell rating to a hold rating in a report on Monday, August 7th. Finally, ValuEngine raised shares of Encore Capital Group from a buy rating to a strong-buy rating in a report on Friday, September 1st. Six equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Encore Capital Group has an average rating of Hold and an average price target of $43.50.
Encore Capital Group (NASDAQ ECPG) opened at $48.50 on Friday. Encore Capital Group has a twelve month low of $25.20 and a twelve month high of $52.00. The firm has a market cap of $1,261.53, a PE ratio of 13.28 and a beta of 1.84. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 5.60.
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Large investors have recently bought and sold shares of the company. State of Alaska Department of Revenue increased its stake in shares of Encore Capital Group by 79.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 4,672 shares of the asset manager’s stock worth $187,000 after acquiring an additional 2,072 shares in the last quarter. Nisa Investment Advisors LLC bought a new stake in shares of Encore Capital Group in the second quarter worth approximately $201,000. Piedmont Investment Advisors LLC bought a new stake in shares of Encore Capital Group in the second quarter worth approximately $206,000. UBS Asset Management Americas Inc. purchased a new position in shares of Encore Capital Group in the first quarter worth approximately $212,000. Finally, Russell Investments Group Ltd. purchased a new position in shares of Encore Capital Group in the first quarter worth approximately $232,000.
Encore Capital Group Company Profile
Encore Capital Group, Inc, through its subsidiaries, is a specialty finance company providing debt recovery solutions for consumers and property owners across a range of financial assets. The Company operates through Portfolio Purchasing and Recovery segment. The Company’s geographical segments include the United States, Europe and other.
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