Encore Capital Group (NASDAQ:ECPG) Stock Price Passes Above 200 Day Moving Average - What's Next?

Key Points

• Encore Capital Group shares moved above their 200-day moving average, reaching $102.32 before last trading at $99.37, compared with the 200-day average of $85.56.
• Analyst sentiment remains positive: the stock has a consensus “Buy” rating, with recent price-target increases from Citizens JMP and Truist Financial, although the consensus target is $89.75.
• The company exceeded quarterly expectations, reporting $2.81 in EPS and $491.87 million in revenue, while revenue rose 11.3% year over year; full-year 2026 guidance is $13–$14 EPS.

Encore Capital Group Inc (NASDAQ:ECPG - Get Free Report)'s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $85.56 and traded as high as $102.32. Encore Capital Group shares last traded at $99.37, with a volume of 361,495 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ECPG. Citizens Jmp increased their price objective on shares of Encore Capital Group from $108.00 to $115.00 and gave the company a "market outperform" rating in a research note on Wednesday, June 17th. Zacks Research upgraded shares of Encore Capital Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 7th. Truist Financial upped their target price on shares of Encore Capital Group from $105.00 to $112.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Weiss Ratings raised shares of Encore Capital Group from a "hold (c)" rating to a "buy (b-)" rating in a research report on Monday, August 3rd. Finally, Citigroup restated a "market outperform" rating on shares of Encore Capital Group in a research note on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $89.75.

Encore Capital Group Stock Down 0.2%

The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 7.52 and a beta of 1.27. The firm has a 50 day simple moving average of $96.64 and a 200-day simple moving average of $85.56. The company has a debt-to-equity ratio of 3.87, a current ratio of 0.96 and a quick ratio of 0.96.

Encore Capital Group (NASDAQ:ECPG - Get Free Report) last issued its earnings results on Wednesday, August 5th. The asset manager reported $2.81 EPS for the quarter, beating the consensus estimate of $2.67 by $0.14. The company had revenue of $491.87 million for the quarter, compared to the consensus estimate of $455.10 million. Encore Capital Group had a net margin of 15.86% and a return on equity of 29.83%. The firm's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.49 EPS. Encore Capital Group has set its FY 2026 guidance at 13.000-14.000 EPS. On average, sell-side analysts forecast that Encore Capital Group Inc will post 13.52 EPS for the current fiscal year.

Institutional Trading of Encore Capital Group

Several hedge funds have recently modified their holdings of ECPG. BlackRock Inc. acquired a new position in shares of Encore Capital Group in the 2nd quarter worth approximately $343,229,000. Heartland Advisors Inc. increased its holdings in Encore Capital Group by 0.7% during the 1st quarter. Heartland Advisors Inc. now owns 388,425 shares of the asset manager's stock valued at $27,236,000 after purchasing an additional 2,595 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Encore Capital Group by 658.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 334,018 shares of the asset manager's stock valued at $23,421,000 after purchasing an additional 289,964 shares during the last quarter. Amundi raised its position in Encore Capital Group by 3,134.1% in the 2nd quarter. Amundi now owns 304,202 shares of the asset manager's stock valued at $28,379,000 after purchasing an additional 294,796 shares during the last quarter. Finally, Hillsdale Investment Management Inc. boosted its stake in Encore Capital Group by 4.2% in the first quarter. Hillsdale Investment Management Inc. now owns 142,838 shares of the asset manager's stock worth $10,016,000 after purchasing an additional 5,700 shares in 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.

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.