Encore Capital Group (NASDAQ:ECPG) PT Set at $45.00 by Keefe, Bruyette & Woods

Share on StockTwits

Keefe, Bruyette & Woods set a $45.00 price objective on Encore Capital Group (NASDAQ:ECPG) in a research note published on Tuesday morning, TipRanks reports. The firm currently has a buy rating on the asset manager’s stock.

ECPG has been the topic of several other research reports. Northland Securities reissued a buy rating and issued a $40.00 target price on shares of Encore Capital Group in a report on Thursday, August 8th. Zacks Investment Research raised Encore Capital Group from a hold rating to a buy rating and set a $42.00 target price on the stock in a report on Friday, August 9th. BidaskClub lowered Encore Capital Group from a hold rating to a sell rating in a report on Thursday, September 5th. Finally, ValuEngine lowered Encore Capital Group from a hold rating to a sell rating in a report on Tuesday, August 27th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $40.67.

Shares of NASDAQ ECPG traded down $0.06 during mid-day trading on Tuesday, hitting $34.91. The company had a trading volume of 1,818 shares, compared to its average volume of 461,712. The company has a market capitalization of $1.11 billion, a PE ratio of 7.03, a price-to-earnings-growth ratio of 0.42 and a beta of 1.48. The business’s 50-day simple moving average is $35.90 and its 200 day simple moving average is $33.32. The company has a debt-to-equity ratio of 3.91, a current ratio of 0.77 and a quick ratio of 0.77. Encore Capital Group has a 1-year low of $20.38 and a 1-year high of $39.19.

Encore Capital Group (NASDAQ:ECPG) last posted its earnings results on Wednesday, August 7th. The asset manager reported $1.28 EPS for the quarter, meeting the consensus estimate of $1.28. The firm had revenue of $346.87 million for the quarter, compared to analyst estimates of $353.89 million. Encore Capital Group had a return on equity of 19.85% and a net margin of 11.14%. Encore Capital Group’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.33 earnings per share. On average, analysts expect that Encore Capital Group will post 5.64 EPS for the current year.

Several hedge funds have recently modified their holdings of the business. New York State Teachers Retirement System grew its holdings in shares of 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 buying an additional 300 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of 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 buying an additional 327 shares during the last quarter. Crossmark Global Holdings Inc. grew its holdings in shares of 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 buying an additional 367 shares during the last quarter. UBS Asset Management Americas Inc. grew its holdings in shares of 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 buying an additional 394 shares during the last quarter. Finally, Pinebridge Investments L.P. grew its holdings in shares of 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 buying 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.

Further Reading: Stock Symbols Definition, Examples, Lookup

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

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.