Janney Montgomery Scott Reiterates “Hold” Rating for Encore Capital Group Inc (ECPG)

Encore Capital Group Inc (NASDAQ:ECPG)‘s stock had its “hold” rating reiterated by analysts at Janney Montgomery Scott in a note issued to investors on Saturday.

ECPG has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of Encore Capital Group from a “sell” rating to a “hold” rating in a report on Monday, November 6th. BidaskClub downgraded shares of Encore Capital Group from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. ValuEngine upgraded shares of Encore Capital Group from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. SunTrust Banks, Inc. restated a “buy” rating and set a $57.00 price target on shares of Encore Capital Group in a report on Friday, November 3rd. Finally, Northland Securities reiterated a “hold” rating and issued a $49.00 target price on shares of Encore Capital Group in a report on Friday, November 3rd. Six analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Encore Capital Group presently has an average rating of “Hold” and an average target price of $43.50.

Shares of Encore Capital Group (NASDAQ:ECPG) opened at $46.20 on Friday. The stock has a market cap of $1,189.44, a P/E ratio of 12.52 and a beta of 1.84. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 5.60. Encore Capital Group has a 1-year low of $26.25 and a 1-year high of $52.00.

WARNING: This article was first published by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this article on another website, it was illegally copied and reposted in violation of U.S. and international trademark & copyright legislation. The correct version of this article can be viewed at https://sportsperspectives.com/2017/11/20/janney-montgomery-scott-reiterates-hold-rating-for-encore-capital-group-inc-ecpg.html.

A number of institutional investors have recently bought and sold shares of the stock. Broad Run Investment Management LLC increased its holdings in Encore Capital Group by 0.6% in the 2nd quarter. Broad Run Investment Management LLC now owns 2,912,052 shares of the asset manager’s stock valued at $116,919,000 after purchasing an additional 17,188 shares during the last quarter. BlackRock Inc. increased its holdings in Encore Capital Group by 1.1% in the 2nd quarter. BlackRock Inc. now owns 2,511,735 shares of the asset manager’s stock valued at $100,846,000 after purchasing an additional 27,239 shares during the last quarter. William Blair Investment Management LLC increased its holdings in Encore Capital Group by 5.3% in the 2nd quarter. William Blair Investment Management LLC now owns 2,370,092 shares of the asset manager’s stock valued at $95,159,000 after purchasing an additional 119,655 shares during the last quarter. Vanguard Group Inc. increased its holdings in Encore Capital Group by 3.4% in the 2nd quarter. Vanguard Group Inc. now owns 2,199,637 shares of the asset manager’s stock valued at $88,317,000 after purchasing an additional 71,478 shares during the last quarter. Finally, FMR LLC increased its holdings in Encore Capital Group by 110.6% in the 2nd quarter. FMR LLC now owns 1,298,705 shares of the asset manager’s stock valued at $52,142,000 after purchasing an additional 682,097 shares during the last quarter.

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)

Receive News & Ratings for Encore Capital Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Encore Capital Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply