Encore Capital Group (NASDAQ:ECPG) Receives Buy Rating from Northland Securities

Encore Capital Group (NASDAQ:ECPG)‘s stock had its “buy” rating reiterated by research analysts at Northland Securities in a note issued to investors on Thursday, AnalystRatings.com reports. They currently have a $40.00 target price on the asset manager’s stock. Northland Securities’ price target suggests a potential upside of 9.17% from the stock’s previous close.

A number of other research firms have also commented on ECPG. Keefe, Bruyette & Woods set a $45.00 price objective on shares of Encore Capital Group and gave the company a “buy” rating in a research note on Tuesday, September 10th. Zacks Investment Research lowered shares of Encore Capital Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. BidaskClub raised shares of Encore Capital Group from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. Finally, ValuEngine lowered shares of Encore Capital Group from a “sell” rating to a “strong sell” rating in a research report on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $41.17.

ECPG traded up $0.53 on Thursday, reaching $36.64. The company had a trading volume of 323,900 shares, compared to its average volume of 286,771. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 3.91. Encore Capital Group has a one year low of $20.38 and a one year high of $39.19. The company has a market capitalization of $1.04 billion, a P/E ratio of 7.36, a PEG ratio of 0.40 and a beta of 1.46. The company has a fifty day moving average of $33.44 and a 200-day moving average of $34.29.

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Encore Capital Group (NASDAQ:ECPG) last posted its quarterly earnings data on Wednesday, November 6th. The asset manager reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.25. Encore Capital Group had a net margin of 11.14% and a return on equity of 19.85%. The company had revenue of $355.94 million during the quarter, compared to analyst estimates of $348.73 million. During the same period in the prior year, the firm earned $1.19 earnings per share. The business’s quarterly revenue was up 5.7% on a year-over-year basis. Research analysts predict that Encore Capital Group will post 5.64 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Crossmark Global Holdings Inc. raised its position in Encore Capital Group by 3.4% during the second quarter. Crossmark Global Holdings Inc. now owns 11,280 shares of the asset manager’s stock valued at $382,000 after acquiring an additional 367 shares in the last quarter. New York State Teachers Retirement System grew its holdings in Encore Capital Group by 0.7% during the second quarter. New York State Teachers Retirement System now owns 43,931 shares of the asset manager’s stock valued at $1,488,000 after purchasing an additional 300 shares during the last quarter. Arizona State Retirement System grew its holdings in Encore Capital Group by 0.8% during the second quarter. Arizona State Retirement System now owns 39,870 shares of the asset manager’s stock valued at $1,350,000 after purchasing an additional 327 shares during the last quarter. Janney Capital Management LLC acquired a new position in Encore Capital Group during the second quarter valued at approximately $393,000. Finally, First Trust Advisors LP acquired a new position in Encore Capital Group during the second quarter valued at approximately $3,001,000.

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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