Encore Capital Group’s (ECPG) “Buy” Rating Reiterated at SunTrust Banks, Inc.

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.

Analyst Recommendations for Encore Capital Group (NASDAQ:ECPG)

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