Encore Capital Group Inc (NASDAQ:ECPG) Receives Consensus Rating of “Buy” from Analysts

Encore Capital Group Inc (NASDAQ:ECPG) has earned a consensus recommendation of “Buy” from the six analysts that are covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $89.75.

ECPG has been the topic of several recent analyst reports. Citizens Jmp boosted their price objective on shares of Encore Capital Group from $108.00 to $115.00 and gave the stock a “market outperform” rating in a research note on Wednesday, June 17th. Weiss Ratings upgraded shares of Encore Capital Group from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, August 3rd. Truist Financial lifted their price target on Encore Capital Group from $105.00 to $112.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Citigroup reiterated a “market outperform” rating on shares of Encore Capital Group in a report on Tuesday, August 11th. Finally, Zacks Research raised Encore Capital Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th.

Encore Capital Group Stock Down 0.1%

ECPG stock opened at $94.30 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 3.87. The business has a 50 day moving average price of $97.73 and a two-hundred day moving average price of $87.08. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 7.14 and a beta of 1.30. Encore Capital Group has a twelve month low of $39.94 and a twelve month high of $104.98.

Encore Capital Group (NASDAQ:ECPG) last announced its quarterly earnings data on Wednesday, August 5th. The asset manager reported $2.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.67 by $0.14. The company had revenue of $491.87 million for the quarter, compared to analysts’ expectations of $455.10 million. Encore Capital Group had a return on equity of 29.83% and a net margin of 15.86%.The business’s revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.49 EPS. Encore Capital Group has set its FY 2026 guidance at 13.000-14.000 EPS. Analysts anticipate that Encore Capital Group will post 13.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. IFP Advisors Inc raised its stake in Encore Capital Group by 1,729.6% in the 4th quarter. IFP Advisors Inc now owns 494 shares of the asset manager’s stock valued at $27,000 after acquiring an additional 467 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Encore Capital Group by 185.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 717 shares of the asset manager’s stock valued at $39,000 after acquiring an additional 466 shares during the period. USA Financial Formulas bought a new stake in Encore Capital Group in the 1st quarter valued at about $46,000. Public Employees Retirement System of Ohio acquired a new position in shares of Encore Capital Group during the 2nd quarter worth approximately $89,000. Finally, Allworth Financial LP bought a new position in shares of Encore Capital Group during the second quarter worth approximately $136,000.

About Encore Capital Group

Encore Capital Group, Inc is a global specialty finance company that purchases portfolios of charged-off consumer receivables and works with individuals to resolve their outstanding obligations. The company manages these accounts through a range of repayment solutions, including flexible payment arrangements and other servicing programs designed to help consumers address unpaid debts.

Encore operates primarily through Midland Credit Management in the United States and Cabot Credit Management in Europe and other international markets.