Encore Capital Group Inc (NASDAQ:ECPG) Stock Has Consensus Price Target of $89.75

Key Points

• Analysts remain bullish on Encore Capital Group: All six covering analysts rate the stock Buy or Strong Buy, with an average 12-month price target of $89.75. Recent targets range as high as $115.
• Quarterly results exceeded expectations: Encore reported adjusted earnings of $2.81 per share versus the $2.67 consensus estimate, while revenue rose 11.3% year over year to $491.87 million.
• The stock was trading near its 52-week high: Shares opened at $98.41, compared with a 52-week range of $39.94 to $104.98; the company also reported a 29.83% return on equity and a 15.86% net margin.

Encore Capital Group Inc (NASDAQ:ECPG - Get Free Report) has earned an average rating of "Buy" from the six analysts that are presently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $89.75.

Several brokerages recently commented on ECPG. Zacks Research raised shares of Encore Capital Group from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 7th. Truist Financial raised their price target on shares of Encore Capital Group from $105.00 to $112.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Citigroup reissued a "market outperform" rating on shares of Encore Capital Group in a report on Tuesday, August 11th. Weiss Ratings upgraded shares of Encore Capital Group from a "hold (c)" rating to a "buy (b-)" rating in a research report on Monday, August 3rd. Finally, Citizens Jmp upped their price target on shares of Encore Capital Group from $108.00 to $115.00 and gave the stock a "market outperform" rating in a report on Wednesday, June 17th.

Encore Capital Group Stock Up 0.9%

Shares of NASDAQ ECPG opened at $98.41 on Friday. 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 $2.09 billion, a P/E ratio of 7.45 and a beta of 1.27. Encore Capital Group has a 52 week low of $39.94 and a 52 week high of $104.98. The business has a 50-day simple moving average of $97.16 and a two-hundred day simple moving average of $86.16.

Encore Capital Group (NASDAQ:ECPG - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The asset manager reported $2.81 earnings per share for the quarter, beating the consensus estimate of $2.67 by $0.14. Encore Capital Group had a return on equity of 29.83% and a net margin of 15.86%.The firm had revenue of $491.87 million for the quarter, compared to analysts' expectations of $455.10 million. During the same period in the prior year, the business posted $2.49 earnings per share. The company's revenue was up 11.3% on a year-over-year basis. 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.

Hedge Funds Weigh In On Encore Capital Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Allworth Financial LP raised its holdings in shares of Encore Capital Group by 12.1% in the 2nd quarter. Allworth Financial LP now owns 1,461 shares of the asset manager's stock valued at $136,000 after acquiring an additional 158 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Encore Capital Group by 185.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 717 shares of the asset manager's stock worth $39,000 after purchasing an additional 466 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of Encore Capital Group by 1,729.6% during the fourth quarter. IFP Advisors Inc now owns 494 shares of the asset manager's stock worth $27,000 after purchasing an additional 467 shares in the last quarter. Wedge Capital Management L L P NC increased its position in shares of Encore Capital Group by 5.1% in the second quarter. Wedge Capital Management L L P NC now owns 11,612 shares of the asset manager's stock worth $1,083,000 after purchasing an additional 565 shares during the last quarter. Finally, Carnegie Investment Counsel increased its position in shares of Encore Capital Group by 2.2% in the first quarter. Carnegie Investment Counsel now owns 27,308 shares of the asset manager's stock worth $1,915,000 after purchasing an additional 582 shares during the last quarter.

About Encore Capital Group

Encore Capital Group, Inc is a global specialty finance company that purchases and manages portfolios of charged-off consumer receivables. The company acquires accounts from banks, credit unions, telecommunications providers and other credit issuers, then works with consumers to resolve their outstanding obligations through repayment programs and other account-management solutions.

Encore conducts its consumer debt recovery activities through brands and operating businesses including Midland Credit Management in the United States and Cabot Credit Management in Europe.

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