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.
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.
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.
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