Encore Capital Group (NASDAQ:ECPG) Stock Breaks Above 50-Day Moving Average - Here's What Happened

Key Points

• Encore Capital Group shares rose above their 50-day moving average of $99.25, reaching $100.99 before trading at $99.64, with approximately 200,364 shares changing hands.
• Analysts maintain a generally positive view, with five Buy ratings and one Hold rating. The stock has a “Moderate Buy” consensus and an average price target of $103.25.
• The company exceeded quarterly expectations, reporting $2.81 in EPS versus the $2.67 estimate and $491.87 million in revenue versus $455.10 million expected; revenue increased 11.3% year over year.

Shares of Encore Capital Group Inc (NASDAQ:ECPG - Get Free Report) crossed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $99.25 and traded as high as $100.99. Encore Capital Group shares last traded at $99.64, with a volume of 200,364 shares.

Analyst Ratings Changes

A number of research firms recently issued reports on ECPG. Northland Securities set a $124.00 target price on shares of Encore Capital Group in a report on Tuesday, October 13th. Truist Financial upped their price target on shares of Encore Capital Group from $105.00 to $112.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Weiss Ratings raised shares of Encore Capital Group from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, October 8th. Zacks Research lowered shares of Encore Capital Group from a "strong-buy" rating to a "hold" rating in a report on Monday, October 5th. Finally, Citigroup reiterated a "market outperform" rating on shares of Encore Capital Group in a report on Tuesday, August 11th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Encore Capital Group has an average rating of "Moderate Buy" and an average target price of $103.25.

Encore Capital Group Price Performance

The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of 7.54 and a beta of 1.30. 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 50 day simple moving average of $99.25 and a 200 day simple moving average of $82.01.

Encore Capital Group (NASDAQ:ECPG - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The asset manager reported $2.81 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $491.87 million for the quarter, compared to the consensus estimate of $455.10 million. During the same period last year, the business posted $2.49 EPS. The company's quarterly revenue was up 11.3% compared to the same quarter last year. Encore Capital Group has set its FY 2026 guidance at 13.000-14.000 EPS. As a group, research analysts predict that Encore Capital Group Inc will post 13.52 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Signaturefd LLC lifted its holdings in shares of Encore Capital Group by 185.9% during the 3rd quarter. Signaturefd LLC now owns 366 shares of the asset manager's stock valued at $35,000 after acquiring an additional 238 shares in the last quarter. Kendall Capital Management acquired a new stake in Encore Capital Group in the 3rd quarter valued at $508,000. Carnegie Investment Counsel increased its holdings in Encore Capital Group by 2.3% in the 3rd quarter. Carnegie Investment Counsel now owns 28,030 shares of the asset manager's stock valued at $2,647,000 after purchasing an additional 636 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in Encore Capital Group by 26.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,711 shares of the asset manager's stock valued at $162,000 after purchasing an additional 354 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in Encore Capital Group by 100.5% in the third quarter. Robeco Institutional Asset Management B.V. now owns 49,057 shares of the asset manager's stock valued at $4,633,000 after purchasing an additional 24,589 shares during the period.

About Encore Capital Group

Encore Capital Group, Inc is a specialty finance company that purchases portfolios of charged-off consumer receivables and provides debt recovery and management services. Through its operating businesses, the company works with consumers to resolve outstanding obligations through payment plans and other repayment arrangements.

Encore serves consumers and creditors across multiple markets, including the United States, the United Kingdom and other European countries. Its major operating platforms include Midland Credit Management in the United States and Cabot Credit Management in Europe.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.