Encore Capital Group (NASDAQ:ECPG) Stock Rating Upgraded by BidaskClub

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Encore Capital Group (NASDAQ:ECPG) was upgraded by investment analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report released on Friday, BidAskClub reports.

Several other research firms have also issued reports on ECPG. ValuEngine lowered shares of Yirendai from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 26th. Oppenheimer set a $119.00 price objective on shares of American Express and gave the company a “buy” rating in a report on Wednesday, April 17th. Finally, Zacks Investment Research downgraded shares of H&E Equipment Services from a “hold” rating to a “sell” rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $38.20.

Shares of ECPG stock opened at $33.74 on Friday. Encore Capital Group has a 1 year low of $20.38 and a 1 year high of $41.50. The business’s 50 day moving average is $34.82. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 6.78, a price-to-earnings-growth ratio of 0.48 and a beta of 1.50. The company has a debt-to-equity ratio of 4.11, a current ratio of 0.85 and a quick ratio of 0.85.

Encore Capital Group (NASDAQ:ECPG) last released its earnings results on Wednesday, May 8th. The asset manager reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.26. Encore Capital Group had a net margin of 10.37% and a return on equity of 21.02%. The business had revenue of $347.08 million during the quarter, compared to the consensus estimate of $349.76 million. Equities research analysts anticipate that Encore Capital Group will post 5.48 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in ECPG. Pearl River Capital LLC acquired a new stake in Encore Capital Group in the first quarter valued at approximately $40,000. Quantamental Technologies LLC acquired a new position in Encore Capital Group in the first quarter valued at approximately $121,000. Metropolitan Life Insurance Co. NY boosted its stake in Encore Capital Group by 329.0% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 8,108 shares of the asset manager’s stock valued at $191,000 after acquiring an additional 6,218 shares during the period. Sigma Planning Corp acquired a new position in Encore Capital Group in the first quarter valued at approximately $222,000. Finally, Victory Capital Management Inc. acquired a new position in Encore Capital Group in the first quarter valued at approximately $228,000.

About Encore Capital Group

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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