Zacks Investment Research Downgrades Encore Capital Group (NASDAQ:ECPG) to Hold

Zacks Investment Research lowered shares of Encore Capital Group (NASDAQ:ECPG) from a buy rating to a hold rating in a research note published on Wednesday morning, Zacks.com reports.

According to Zacks, “Encore Capital Group is a leading provider of debt management and recovery solutions for consumers and property owners across a broad range of assets. Through its subsidiaries, the company purchases portfolios of consumer receivables from major banks, credit unions, and utility providers, and partners with individuals as they repay their obligations and work toward financial recovery. Through its Propel Financial Services subsidiary, the company assists property owners who are delinquent on their property taxes by structuring affordable monthly payment plans. Encore’s success and future growth are driven by its sophisticated and widespread use of analytics, its broad investments in data and behavioral science, the significant cost advantages provided by its highly-efficient operating model and proven investment strategy, and the company’s demonstrated commitment to conducting business ethically and in ways that support its consumers’ financial recovery. “

Other equities research analysts have also issued research reports about the company. BidaskClub raised Zillow Group from a buy rating to a strong-buy rating in a research note on Tuesday, July 2nd. ValuEngine lowered Yirendai from a sell rating to a strong sell rating in a research note on Wednesday, June 26th. Finally, Oppenheimer set a $119.00 target price on American Express and gave the company a buy rating in a research note on Wednesday, April 17th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $38.20.



ECPG opened at $33.74 on Wednesday. The business has a 50-day moving average price of $34.82. Encore Capital Group has a 12-month low of $20.38 and a 12-month high of $41.50. The company has a debt-to-equity ratio of 4.11, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market cap of $1.04 billion, a PE ratio of 6.21, a P/E/G ratio of 0.47 and a beta of 1.50.

Encore Capital Group (NASDAQ:ECPG) last posted its quarterly earnings data on Wednesday, May 8th. The asset manager reported $1.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.26. Encore Capital Group had a return on equity of 21.02% and a net margin of 10.37%. The firm had revenue of $347.08 million during the quarter, compared to analysts’ expectations of $349.76 million. Research analysts expect that Encore Capital Group will post 5.48 EPS for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. New York State Teachers Retirement System raised its holdings in Encore Capital Group by 0.7% during the second quarter. New York State Teachers Retirement System now owns 43,931 shares of the asset manager’s stock valued at $1,488,000 after acquiring an additional 300 shares during the period. Crossmark Global Holdings Inc. raised its holdings in Encore Capital Group by 3.4% during the second quarter. Crossmark Global Holdings Inc. now owns 11,280 shares of the asset manager’s stock valued at $382,000 after acquiring an additional 367 shares during the period. Nordea Investment Management AB raised its holdings in Encore Capital Group by 1.1% during the first quarter. Nordea Investment Management AB now owns 135,728 shares of the asset manager’s stock valued at $3,695,000 after acquiring an additional 1,485 shares during the period. Clearbridge Investments LLC raised its holdings in Encore Capital Group by 3.4% during the first quarter. Clearbridge Investments LLC now owns 453,490 shares of the asset manager’s stock valued at $12,349,000 after acquiring an additional 14,930 shares during the period. Finally, Marshall Wace LLP bought a new stake in Encore Capital Group during the first quarter valued at about $6,671,000.

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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