Encore Capital Group (NASDAQ: ECPG) was upgraded by Northland Securities analysts from a "market performance" rating to a "better than" rating in a research report issued to customers and investors on Thursday, August 9, reports Marketbeat Ratings. The brokerage currently has a target price of $ 37.00 on the shares of the manager. The target price of Northland Securities suggests a possible disadvantage of 4.52% compared to the previous closure of the company.
A number of other research agencies have also recently weighed on ECPG. ValuEngine reduced the shares of Encore Capital Group from a "sell" rating to a "strong sell" rating in a research report on Tuesday 7 August. Oppenheimer has set a price target of $ 54.00 on shares of Encore Capital Group and has awarded the company a "buy" score on Thursday 9 August in a research report. BidaskClub reduced shares of Encore Capital Group from a "sell" rating to a "strong sell" rating in a research report on Wednesday, May 30. Finally, Zacks Investment Research reduced the shares of Encore Capital Group in a research report on Tuesday 8 May from a & # 39; hold & # 39; credit to a & # 39; sell & # 39; credit. Two investment analysts have rated the shares with a sell rating, two have given a hold rating and four have assigned a buy-rating to the shares. The stock currently has an average rating of & # 39; Hold & # 39; and a consensus target price of $ 49.75.
ECPG shares rose to $ 0.50 during mid-day trading and reached $ 38.75. 374,200 shares of the company were exchanged, compared with the average volume of 277,324. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 5.74. The company has a market capitalization of $ 1.19 billion, a PE ratio of 9.65, a price-earnings ratio of 0.62 and a beta of 1.40. Encore Capital Group has a 1-year low of $ 35.15 and a 1-year high of $ 52.00.
Encore Capital Group (NASDAQ: ECPG) published its quarterly results for the last time on Wednesday 8 August. The asset manager reported $ 1.33 earnings per share (EPS) for the quarter, in addition to the Thomson Reuters consensus estimate of $ 1.12 with $ 0.21. The company had sales of $ 349.75 million during the quarter compared to the consensus estimate of $ 335.05 million. Encore Capital Group had a net margin of 6.84% and a return on equity of 20.28%. The company's revenue for the quarter increased by 20.2% compared to the same quarter last year. During the same period last year the company recorded $ 0.87 profit per share. research analysts expect Encore Capital Group to publish 4.81 EPS for the current year.
A number of major investors have recently changed their positions in the shares. Granahan Investment Management Inc. MA increased its stake in Encore Capital Group by 23.1% in the second quarter. Granahan Investment Management Inc. MA now holds 97,314 shares of the share capital of the manager, valued at $ 3,562,000 after the acquisition of another 18,262 shares in the last quarter. Millennium Management LLC increased its stake in Encore Capital Group by 28.6% in the second quarter. Millennium Management LLC now owns 697,362 shares of the share capital of the fund manager, valued at $ 25,523,000 after the acquisition of 155,105 additional shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in the second quarter in Encore Capital Group worth approximately $ 343,000. OppenheimerFunds Inc. increased its stake in Encore Capital Group by 14.3% in the second quarter. OppenheimerFunds Inc. now owns 19,893 shares in the share capital of the manager, valued at $ 728,000 after acquiring additional 2,494 shares during the last quarter. Finally, United Services Automobile Association increased its participation in Encore Capital Group by 84.7% in the second quarter. United Services Automobile Association now owns 195,260 shares in the share capital of the asset manager, valued at $ 4,122,000, after the acquisition of an additional 89,521 shares during the last quarter.
Encore Capital Group Company profile
Encore Capital Group, Inc., a specialized finance company, offers together with its subsidiaries debt collection solutions and other related services to consumers on a range of financial assets around the world. The company buys portfolios of consumers' inadequate debtors against high discounts to manage them, and manages them by collaborating with individuals in repaying their obligations and working on financial recovery.
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