Truist Financial Lowers Encore Capital Group (NASDAQ:ECPG) Price Target to $57.00

Encore Capital Group (NASDAQ:ECPG) had its price objective trimmed by Truist Financial from $64.00 to $57.00 in a research report released on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the asset manager’s stock.

A number of other equities analysts also recently weighed in on ECPG. JMP Securities increased their price target on shares of Encore Capital Group from $60.00 to $65.00 and gave the stock a “market outperform” rating in a research note on Thursday, November 7th. StockNews.com raised shares of Encore Capital Group from a “hold” rating to a “buy” rating in a research note on Friday, November 29th. Finally, Northland Securities increased their price target on shares of Encore Capital Group from $58.00 to $66.00 and gave the stock an “outperform” rating in a research note on Monday, December 23rd. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $62.67.

Encore Capital Group Stock Performance

Shares of ECPG opened at $37.72 on Thursday. The company has a debt-to-equity ratio of 3.39, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market capitalization of $893.62 million, a price-to-earnings ratio of -4.81 and a beta of 1.55. The company’s 50 day simple moving average is $48.36 and its 200 day simple moving average is $47.97. Encore Capital Group has a 1 year low of $35.38 and a 1 year high of $51.77.

Encore Capital Group (NASDAQ:ECPG) last posted its quarterly earnings results on Wednesday, February 26th. The asset manager reported $1.50 earnings per share for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.05). The company had revenue of $265.62 million for the quarter, compared to analysts’ expectations of $373.40 million. Encore Capital Group had a positive return on equity of 12.70% and a negative net margin of 13.91%. On average, sell-side analysts predict that Encore Capital Group will post 5.09 EPS for the current year.

Institutional Investors Weigh In On Encore Capital Group

Several large investors have recently made changes to their positions in ECPG. Creative Planning increased its position in shares of Encore Capital Group by 27.7% in the third quarter. Creative Planning now owns 7,155 shares of the asset manager’s stock worth $338,000 after acquiring an additional 1,552 shares in the last quarter. Stephens Investment Management Group LLC increased its position in shares of Encore Capital Group by 0.5% in the third quarter. Stephens Investment Management Group LLC now owns 1,137,752 shares of the asset manager’s stock worth $53,782,000 after acquiring an additional 5,373 shares in the last quarter. Versor Investments LP acquired a new stake in Encore Capital Group during the 3rd quarter valued at $222,000. KBC Group NV grew its holdings in Encore Capital Group by 54.9% during the 3rd quarter. KBC Group NV now owns 1,365 shares of the asset manager’s stock valued at $65,000 after purchasing an additional 484 shares in the last quarter. Finally, Huntington National Bank grew its holdings in 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 purchasing an additional 522 shares in the last quarter.

Encore Capital Group Company Profile

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.