Encore Capital Group (NASDAQ:ECPG) Stock Price Expected to Rise, Northland Securities Analyst Says

Encore Capital Group (NASDAQ:ECPGGet Free Report) had its price target raised by equities research analysts at Northland Securities from $58.00 to $66.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has an “outperform” rating on the asset manager’s stock. Northland Securities’ target price would indicate a potential upside of 38.89% from the stock’s current price.

Several other analysts also recently weighed in on the company. JMP Securities lifted their target price on Encore Capital Group from $60.00 to $65.00 and gave the company a “market outperform” rating in a research note on Thursday, November 7th. StockNews.com upgraded shares of Encore Capital Group from a “hold” rating to a “buy” rating in a research note on Friday, November 29th. Finally, Northland Capmk raised shares of Encore Capital Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 17th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $65.00.

View Our Latest Stock Report on Encore Capital Group

Encore Capital Group Stock Up 1.6 %

Encore Capital Group stock opened at $47.52 on Monday. The firm has a market capitalization of $1.13 billion, a P/E ratio of -6.05 and a beta of 1.55. The company has a 50-day simple moving average of $48.01 and a 200-day simple moving average of $46.78. Encore Capital Group has a one year low of $39.64 and a one year high of $54.55. The company has a debt-to-equity ratio of 3.39, a quick ratio of 1.11 and a current ratio of 1.11.

Encore Capital Group (NASDAQ:ECPGGet Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The asset manager reported $1.26 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.22). The firm had revenue of $367.07 million during the quarter, compared to analyst estimates of $360.70 million. Encore Capital Group had a negative net margin of 13.91% and a positive return on equity of 12.70%. Encore Capital Group’s revenue for the quarter was up 18.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.79 EPS. As a group, equities analysts expect that Encore Capital Group will post 5.09 earnings per share for the current year.

Insider Buying and Selling at Encore Capital Group

In other Encore Capital Group news, Director Laura Olle sold 1,340 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $49.16, for a total value of $65,874.40. Following the sale, the director now directly owns 32,381 shares in the company, valued at approximately $1,591,849.96. The trade was a 3.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.63% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Encore Capital Group

Several large investors have recently made changes to their positions in ECPG. Verition Fund Management LLC lifted its stake in Encore Capital Group by 4.3% during the third quarter. Verition Fund Management LLC now owns 8,828 shares of the asset manager’s stock valued at $417,000 after purchasing an additional 364 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Encore Capital Group by 8.8% in the second quarter. Victory Capital Management Inc. now owns 4,980 shares of the asset manager’s stock valued at $208,000 after buying an additional 403 shares in the last quarter. KBC Group NV increased its holdings in shares of Encore Capital Group by 54.9% in the third quarter. KBC Group NV now owns 1,365 shares of the asset manager’s stock valued at $65,000 after buying an additional 484 shares in the last quarter. Huntington National Bank lifted its position in shares of Encore Capital Group by 8,700.0% during the 3rd quarter. Huntington National Bank now owns 528 shares of the asset manager’s stock valued at $25,000 after acquiring an additional 522 shares during the last quarter. Finally, Inspire Investing LLC boosted its stake in shares of Encore Capital Group by 9.8% during the 2nd quarter. Inspire Investing LLC now owns 8,536 shares of the asset manager’s stock worth $356,000 after acquiring an additional 759 shares in the last quarter.

Encore Capital Group Company Profile

(Get Free Report)

Encore Capital Group, Inc, a specialty finance company, provides debt recovery solutions and other related services for consumers across 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.

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