Encore Capital Group (NASDAQ:ECPG) Downgraded to Sell at ValuEngine

Encore Capital Group (NASDAQ:ECPG) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday, June 26th, ValuEngine reports.

Other research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 9th. JMP Securities increased their target price on shares of Encore Capital Group from $37.00 to $42.00 and gave the stock a “market outperform” rating in a research report on Thursday, February 28th. Oppenheimer set a $119.00 target price on shares of American Express and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Finally, BidaskClub downgraded shares of Waterstone Financial from a “hold” rating to a “sell” rating in a research report on Friday, June 21st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $38.20.

Encore Capital Group stock traded up $0.45 during trading hours on Wednesday, hitting $34.30. 111,320 shares of the stock were exchanged, compared to its average volume of 255,209. Encore Capital Group has a 12 month low of $20.38 and a 12 month high of $41.50. The stock has a 50-day moving average of $34.86. The stock has a market capitalization of $1.05 billion, a PE ratio of 6.89, a P/E/G ratio of 0.48 and a beta of 1.50. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 4.11.

Encore Capital Group (NASDAQ:ECPG) last announced its quarterly earnings data on Wednesday, May 8th. The asset manager reported $1.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.26. The business had revenue of $347.08 million for the quarter, compared to analyst estimates of $349.76 million. Encore Capital Group had a net margin of 10.37% and a return on equity of 21.02%. As a group, sell-side analysts expect that Encore Capital Group will post 5.48 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the company. Pearl River Capital LLC bought a new position in Encore Capital Group in the 1st quarter valued at $40,000. Quantamental Technologies LLC acquired a new stake in Encore Capital Group in the first quarter valued at approximately $121,000. Metropolitan Life Insurance Co. NY grew its holdings in Encore Capital Group by 329.0% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 8,108 shares of the asset manager’s stock valued at $191,000 after purchasing an additional 6,218 shares during the period. Sigma Planning Corp acquired a new stake in Encore Capital Group in the first quarter valued at approximately $222,000. Finally, Victory Capital Management Inc. acquired a new stake in Encore Capital Group in the first quarter valued at approximately $228,000.

Encore Capital Group Company Profile

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.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Encore Capital Group (NASDAQ:ECPG)

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