Encore Capital Group (ECPG) Raised to “Sell” at BidaskClub

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.

In other Encore Capital Group news, insider Paul Grinberg sold 19,273 shares of the firm’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $40.82, for a total value of $786,723.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 95,365 shares of company stock valued at $4,015,307 over the last three months. Company insiders own 8.80% of the company’s stock.

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.

TRADEMARK VIOLATION NOTICE: This piece was posted by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of international trademark and copyright law. The correct version of this piece can be accessed at https://sportsperspectives.com/2018/02/06/encore-capital-group-ecpg-raised-to-sell-at-bidaskclub.html.

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.

Analyst Recommendations for Encore Capital Group (NASDAQ:ECPG)

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

Latest News

Leave a Reply