BidaskClub upgraded shares of Encore Capital Group (NASDAQ:ECPG) from a strong sell rating to a sell rating in a report issued on Monday.
Other analysts also recently issued reports about the company. SunTrust Banks reaffirmed a buy rating and set a $57.00 price target on shares of Encore Capital Group in a research report on Friday, November 3rd. Oppenheimer started coverage on Encore Capital Group in a research report on Monday, January 8th. They set a buy rating and a $53.00 price target for the company. Zacks Investment Research raised Encore Capital Group from a sell rating to a hold rating in a research report on Wednesday, January 31st. Janney Montgomery Scott reaffirmed a hold rating on shares of Encore Capital Group in a research report on Saturday, November 18th. Finally, Northland Securities reaffirmed a hold rating and set a $49.00 price target on shares of Encore Capital Group in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $48.10.
Shares of Encore Capital Group (ECPG) opened at $39.90 on Monday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 5.60. The company has a market capitalization of $1,055.56, a P/E ratio of 11.11, a P/E/G ratio of 0.78 and a beta of 1.80. Encore Capital Group has a 52-week low of $28.95 and a 52-week high of $52.00.
A number of large investors have recently added to or reduced their stakes in ECPG. Piedmont Investment Advisors LLC purchased a new stake in Encore Capital Group in the second quarter worth $206,000. Janney Capital Management LLC purchased a new stake in Encore Capital Group in the third quarter worth $217,000. Sigma Planning Corp purchased a new stake in Encore Capital Group in the third quarter worth $249,000. Convergence Investment Partners LLC purchased a new stake in Encore Capital Group in the fourth quarter worth $285,000. Finally, Mackenzie Financial Corp increased its position in Encore Capital Group by 16.8% in the third quarter. Mackenzie Financial Corp now owns 7,934 shares of the asset manager’s stock worth $351,000 after buying an additional 1,140 shares during the last quarter.
About Encore Capital Group
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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