Encore Capital Group (ECPG) Stock Rating Upgraded by ValuEngine

Encore Capital Group (NASDAQ:ECPG) was upgraded by stock analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research note issued on Sunday.

Other equities research analysts have also issued research reports about the company. Zacks Investment Research lowered Encore Capital Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 31st. BidaskClub lowered Encore Capital Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 7th. SunTrust Banks reiterated a “buy” rating and issued a $57.00 price target on shares of Encore Capital Group in a report on Friday, November 3rd. Janney Montgomery Scott reiterated a “hold” rating on shares of Encore Capital Group in a report on Saturday, November 18th. Finally, Northland Securities reiterated a “hold” rating and issued a $49.00 price target on shares of Encore Capital Group in a report on Friday, November 3rd. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Encore Capital Group has a consensus rating of “Buy” and an average price target of $46.88.

Shares of Encore Capital Group (ECPG) opened at $42.10 on Friday. Encore Capital Group has a 52-week low of $27.80 and a 52-week high of $52.00. The company has a debt-to-equity ratio of 5.60, a quick ratio of 0.70 and a current ratio of 0.70. The company has a market capitalization of $1,083.89, a PE ratio of 11.86 and a beta of 1.82.

In other Encore Capital Group news, insider Paul Grinberg sold 38,546 shares of the stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $42.43, for a total value of $1,635,506.78. Following the transaction, the insider now owns 250,171 shares in the company, valued at $10,614,755.53. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 8.80% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the business. Piedmont Investment Advisors LLC bought a new position in Encore Capital Group in the second quarter worth approximately $206,000. Janney Capital Management LLC bought a new position in Encore Capital Group in the third quarter worth approximately $217,000. Sigma Planning Corp bought a new position in Encore Capital Group in the third quarter worth approximately $249,000. Westpac Banking Corp bought a new position in Encore Capital Group in the second quarter worth approximately $336,000. Finally, Mackenzie Financial Corp boosted its holdings in Encore Capital Group by 16.8% in the third quarter. Mackenzie Financial Corp now owns 7,934 shares of the asset manager’s stock worth $351,000 after acquiring an additional 1,140 shares in the last quarter.

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About Encore Capital Group

Encore Capital Group, Inc, through its subsidiaries, is a specialty finance company providing debt recovery solutions for consumers and property owners across a range of financial assets. The Company operates through Portfolio Purchasing and Recovery segment. The Company’s geographical segments include the United States, Europe and other.

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