Can analysts adopt a bullish outlook for Encore Capital Group, Inc. (NASDAQ:ECPG)?

June 16, 2018 - By Marguerite Chambers

Encore Capital Group, Inc. (NASDAQ:ECPG) LogoInvestors sentiment increased to 1.44 in Q1 2018. Its up 0.19, from 1.25 in 2017Q4. It improved, as 14 investors sold Encore Capital Group, Inc. shares while 38 reduced holdings. 14 funds opened positions while 61 raised stakes. 25.38 million shares or 2.45% more from 24.77 million shares in 2017Q4 were reported.
Hsbc Public Ltd Com owns 8,724 shares for 0% of their portfolio. Nomura Holdings Inc invested in 0.01% or 177,780 shares. Minnesota-based Us Fincl Bank De has invested 0% in Encore Capital Group, Inc. (NASDAQ:ECPG). Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in Encore Capital Group, Inc. (NASDAQ:ECPG) for 1,468 shares. 79,820 were reported by Brandywine Global Inv Mgmt Ltd Limited Liability Company. Miles Cap Inc invested in 0.14% or 5,448 shares. Arizona State Retirement System holds 37,409 shares. Moreover, Blackrock has 0.01% invested in Encore Capital Group, Inc. (NASDAQ:ECPG). Ubs Asset Mngmt Americas owns 13,041 shares. Massmutual Tru Fsb Adv reported 7 shares stake. Metropolitan Life Com New York has 7,808 shares. 43,431 were accumulated by New York State Teachers Retirement System. Aqr Limited Liability Co, a Connecticut-based fund reported 12,399 shares. Citigroup reported 196,896 shares. Vanguard Group holds 2.49M shares.

Since January 17, 2018, it had 0 buys, and 3 selling transactions for $2.45 million activity.

Encore Capital Group, Inc. (NASDAQ:ECPG) Ratings Coverage

Among 2 analysts covering Encore Capital (NASDAQ:ECPG), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Encore Capital had 3 analyst reports since December 21, 2017 according to SRatingsIntel. Oppenheimer initiated Encore Capital Group, Inc. (NASDAQ:ECPG) rating on Monday, January 8. Oppenheimer has “Buy” rating and $53.0 target. Keefe Bruyette & Woods maintained it with “Buy” rating and $58.0 target in Thursday, December 21 report. The stock of Encore Capital Group, Inc. (NASDAQ:ECPG) earned “Buy” rating by Oppenheimer on Thursday, February 22. Below is a list of Encore Capital Group, Inc. (NASDAQ:ECPG) latest ratings and price target changes.

22/02/2018 Broker: Oppenheimer Rating: Buy New Target: $51.0 Maintain
08/01/2018 Broker: Oppenheimer Rating: Buy New Target: $53.0 Initiate
21/12/2017 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $58.0 Maintain

The stock decreased 0.13% or $0.05 during the last trading session, reaching $38.4. About 222,515 shares traded. Encore Capital Group, Inc. (NASDAQ:ECPG) has risen 3.90% since June 16, 2017 and is uptrending. It has underperformed by 8.67% the S&P500.

Encore Capital Group, Inc., a specialty finance company, together with its subsidiaries, provides debt recovery solutions for clients across a range of financial assets worldwide. The company has market cap of $995.22 million. The firm 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. It has a 12.18 P/E ratio. It is also involved in the debt management of portfolios consisting of higher balance and semi-performing accounts; and the management of non-performing loans.

Another recent and important Encore Capital Group, Inc. (NASDAQ:ECPG) news was published by which published an article titled: “The 3 Best Stocks to Invest in Right Now” on May 24, 2018.

Encore Capital Group, Inc. (NASDAQ:ECPG) Institutional Positions Chart

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