Encore Capital Group (NASDAQ:ECPG) Given “Buy” Rating at Northland Securities

Northland Securities reiterated their buy rating on shares of Encore Capital Group (NASDAQ:ECPG) in a research report sent to investors on Thursday, AnalystRatings.com reports. Northland Securities currently has a $40.00 price target on the asset manager’s stock.

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

ECPG traded up $0.53 during trading on Thursday, hitting $36.64. The stock had a trading volume of 323,900 shares, compared to its average volume of 286,771. Encore Capital Group has a twelve month low of $20.38 and a twelve month high of $39.19. The company has a debt-to-equity ratio of 3.91, a quick ratio of 0.77 and a current ratio of 0.77. The stock has a 50 day simple moving average of $33.44 and a two-hundred day simple moving average of $34.29. The company has a market capitalization of $1.04 billion, a PE ratio of 7.36, a PEG ratio of 0.40 and a beta of 1.46.

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

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Several hedge funds have recently added to or reduced their stakes in the company. New York State Teachers Retirement System boosted its position 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 worth $1,488,000 after acquiring an additional 300 shares during the last quarter. Arizona State Retirement System boosted its position 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 worth $1,350,000 after acquiring an additional 327 shares during the last quarter. Crossmark Global Holdings Inc. boosted 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 worth $382,000 after acquiring an additional 367 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in Encore Capital Group by 2.1% during the second quarter. UBS Asset Management Americas Inc. now owns 19,196 shares of the asset manager’s stock worth $650,000 after acquiring an additional 394 shares during the last quarter. Finally, Pinebridge Investments L.P. boosted its position in Encore Capital Group by 2.0% during the second quarter. Pinebridge Investments L.P. now owns 27,381 shares of the asset manager’s stock worth $927,000 after acquiring an additional 533 shares during the last quarter.

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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