Encore Capital Group Inc (ECPG) – What Are Brokerages Thinking About This Stock?

Shares of Encore Capital Group Inc (NASDAQ:ECPG) have been assigned a consensus rating of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $103.25.

A number of equities analysts have weighed in on the company. Zacks Research lowered Encore Capital Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Weiss Ratings upgraded Encore Capital Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Citigroup reiterated a “market outperform” rating on shares of Encore Capital Group in a research report on Tuesday, August 11th. Truist Financial boosted their price objective on Encore Capital Group from $105.00 to $112.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, Northland Securities set a $124.00 price objective on shares of Encore Capital Group in a research report on Tuesday, October 13th.

Encore Capital Group Stock Up 1.0%

Shares of NASDAQ ECPG opened at $104.16 on Thursday. Encore Capital Group has a 52 week low of $40.52 and a 52 week high of $105.98. The business has a 50-day simple moving average of $99.34 and a two-hundred day simple moving average of $90.17. 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 company has a market cap of $2.21 billion, a P/E ratio of 7.88 and a beta of 1.30.

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

Institutional Investors Weigh In On Encore Capital Group

Institutional investors have recently made changes to their positions in the business. BlackRock Inc. bought a new position in shares of Encore Capital Group during the second quarter valued at about $343,229,000. Heartland Advisors Inc. purchased a new position in shares of Encore Capital Group in the second quarter worth about $33,848,000. Amundi increased its holdings in shares of Encore Capital Group by 3,134.1% in the second quarter. Amundi now owns 304,202 shares of the asset manager’s stock worth $28,379,000 after buying an additional 294,796 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of Encore Capital Group by 658.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 334,018 shares of the asset manager’s stock worth $23,421,000 after buying an additional 289,964 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in shares of Encore Capital Group in the 2nd quarter valued at about $11,664,000.

About Encore Capital Group

Encore Capital Group, Inc is a specialty finance company that purchases portfolios of charged-off consumer receivables and provides debt recovery and management services. Through its operating businesses, the company works with consumers to resolve outstanding obligations through payment plans and other repayment arrangements.

Encore serves consumers and creditors across multiple markets, including the United States, the United Kingdom and other European countries. Its major operating platforms include Midland Credit Management in the United States and Cabot Credit Management in Europe.