Encore Capital Group (ECPG) Downgraded by BidaskClub to “Hold”

BidaskClub lowered shares of Encore Capital Group (NASDAQ:ECPG) from a buy rating to a hold rating in a research report sent to investors on Wednesday, December 20th.

Other research analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Encore Capital Group from a hold rating to a sell rating in a report on Tuesday, October 31st. SunTrust Banks reaffirmed a buy rating and issued a $57.00 target price on shares of Encore Capital Group in a report on Friday, November 3rd. Janney Montgomery Scott reaffirmed a hold rating on shares of Encore Capital Group in a report on Saturday, November 18th. Northland Securities reaffirmed a hold rating and issued a $49.00 target price on shares of Encore Capital Group in a report on Friday, November 3rd. Finally, ValuEngine raised shares of Encore Capital Group from a buy rating to a strong-buy rating in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $48.10.

Shares of Encore Capital Group (NASDAQ ECPG) traded down $0.45 during trading on Wednesday, reaching $43.05. 180,343 shares of the company’s stock traded hands, compared to its average volume of 211,418. The company has a debt-to-equity ratio of 5.60, a current ratio of 0.70 and a quick ratio of 0.70. The stock has a market capitalization of $1,090.00, a PE ratio of 12.23 and a beta of 1.82. Encore Capital Group has a twelve month low of $28.95 and a twelve month high of $52.00.

In other news, insider Paul Grinberg sold 37,546 shares of the business’s stock in a transaction that occurred on Wednesday, December 26th. The shares were sold at an average price of $42.43, for a total transaction of $1,593,076.78. Following the completion of the transaction, the insider now directly owns 250,171 shares of the company’s stock, valued at $10,614,755.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.80% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Piedmont Investment Advisors LLC bought a new stake in Encore Capital Group during the second quarter valued at approximately $206,000. Janney Capital Management LLC bought a new stake in Encore Capital Group during the third quarter valued at approximately $217,000. Sigma Planning Corp bought a new stake in Encore Capital Group during the third quarter valued at approximately $249,000. Westpac Banking Corp bought a new stake in Encore Capital Group during the second quarter valued at approximately $336,000. Finally, Mackenzie Financial Corp grew its position in Encore Capital Group by 16.8% during the third quarter. Mackenzie Financial Corp now owns 7,934 shares of the asset manager’s stock valued at $351,000 after buying an additional 1,140 shares during the period.

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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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