Encore Capital Group (ECPG) Downgraded by BidaskClub

BidaskClub cut shares of Encore Capital Group (NASDAQ:ECPG) from a sell rating to a strong sell rating in a report published on Thursday.

ECPG has been the topic of a number of other research reports. Zacks Investment Research raised Encore Capital Group from a sell rating to a hold rating in a research report on Monday, November 6th. Janney Montgomery Scott reissued a hold rating on shares of Encore Capital Group in a research report on Saturday, November 18th. SunTrust Banks reissued a buy rating and set a $57.00 price target on shares of Encore Capital Group in a research report on Friday, November 3rd. Northland Securities reissued a hold rating and set a $49.00 price target on shares of Encore Capital Group in a research report on Friday, November 3rd. Finally, ValuEngine raised Encore Capital Group from a buy rating to a strong-buy rating in a research report on Sunday, December 31st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $48.10.

Shares of Encore Capital Group (ECPG) traded up $0.35 during trading hours on Thursday, reaching $41.50. The company had a trading volume of 184,224 shares, compared to its average volume of 179,885. The firm has a market capitalization of $1,068.42, a P/E ratio of 11.69, a P/E/G ratio of 0.79 and a beta of 1.82. Encore Capital Group has a 1-year low of $28.95 and a 1-year high of $52.00. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 5.60.

Encore Capital Group (NASDAQ:ECPG) last issued its quarterly earnings results on Thursday, November 2nd. The asset manager reported $1.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.24. Encore Capital Group had a return on equity of 17.27% and a net margin of 8.18%. sell-side analysts predict that Encore Capital Group will post 3.91 EPS for the current fiscal year.

In other Encore Capital Group news, insider Paul Grinberg sold 38,546 shares of the firm’s stock in a transaction on Tuesday, December 26th. The stock was sold at an average price of $42.43, for a total value of $1,635,506.78. Following the sale, the insider now owns 250,171 shares of the company’s stock, valued at approximately $10,614,755.53. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In the last ninety days, insiders sold 95,365 shares of company stock worth $4,015,307. Company insiders own 8.80% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Broad Run Investment Management LLC lifted its stake in shares of Encore Capital Group by 0.6% in the 2nd quarter. Broad Run Investment Management LLC now owns 2,912,052 shares of the asset manager’s stock valued at $116,919,000 after acquiring an additional 17,188 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Encore Capital Group by 1.1% in the 2nd quarter. BlackRock Inc. now owns 2,511,735 shares of the asset manager’s stock valued at $100,846,000 after acquiring an additional 27,239 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Encore Capital Group by 3.4% in the 2nd quarter. Vanguard Group Inc. now owns 2,199,637 shares of the asset manager’s stock valued at $88,317,000 after acquiring an additional 71,478 shares during the last quarter. FMR LLC lifted its stake in shares of Encore Capital Group by 110.6% in the 2nd quarter. FMR LLC now owns 1,298,705 shares of the asset manager’s stock valued at $52,142,000 after acquiring an additional 682,097 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Encore Capital Group by 2.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,291,569 shares of the asset manager’s stock valued at $57,217,000 after acquiring an additional 34,858 shares during the last quarter.

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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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