Encore Capital Gr (NASDAQ:ECPG) Receives Downgrade From Oppenheimer. Will Other Analysts Follow Suit?

October 2, 2018 - By Ellis Scott

Encore Capital Group, Inc. (NASDAQ:ECPG) Logo

Investors sentiment increased to 1.58 in 2018 Q2. Its up 0.14, from 1.44 in 2018Q1. It increased, as 10 investors sold Encore Capital Group, Inc. shares while 40 reduced holdings. 22 funds opened positions while 57 raised stakes. 26.44 million shares or 4.16% more from 25.38 million shares in 2018Q1 were reported.

Mason Street Advisors Limited reported 0.01% stake. Comerica State Bank accumulated 0.01% or 25,259 shares. Vanguard Grp Incorporated has 0% invested in Encore Capital Group, Inc. (NASDAQ:ECPG) for 2.46M shares. 137,700 were accumulated by Bridgeway Capital Mngmt Incorporated. Riverhead Cap Ltd Llc stated it has 3,803 shares. Federated Invsts Pa, Pennsylvania-based fund reported 5,445 shares. Louisiana State Employees Retirement System invested 0.02% of its portfolio in Encore Capital Group, Inc. (NASDAQ:ECPG). California Pub Employees Retirement Sys, a California-based fund reported 56,858 shares. Bnp Paribas Arbitrage holds 0% or 1,911 shares in its portfolio. Citigroup holds 0.01% in Encore Capital Group, Inc. (NASDAQ:ECPG) or 166,965 shares. Aperio Gru Ltd Liability Company holds 0% of its portfolio in Encore Capital Group, Inc. (NASDAQ:ECPG) for 22,387 shares. State Of Tennessee Treasury Department owns 16,639 shares. California State Teachers Retirement System reported 39,808 shares. Principal Finance Group has invested 0.01% in Encore Capital Group, Inc. (NASDAQ:ECPG). Sei Investments accumulated 4,883 shares or 0% of the stock.

Encore Capital Gr (NASDAQ:ECPG) Receives a Downgrade

In analysts report released on Tuesday, 2 October, research professionals at Oppenheimer’s equity division decreased the rating for Encore Capital Gr (NASDAQ:ECPG) shares from the previous Outperform to a Perform.

The stock decreased 4.35% or $1.55 during the last trading session, reaching $34.07. About 29,607 shares traded. Encore Capital Group, Inc. (NASDAQ:ECPG) has declined 8.19% since October 2, 2017 and is downtrending. It has underperformed by 23.81% the S&P500.

Analysts await Encore Capital Group, Inc. (NASDAQ:ECPG) to report earnings on November, 1. They expect $1.18 EPS, up 2.61 % or $0.03 from last year’s $1.15 per share. ECPG’s profit will be $36.40 million for 7.22 P/E if the $1.18 EPS becomes a reality. After $1.33 actual EPS reported by Encore Capital Group, Inc. for the previous quarter, Wall Street now forecasts -11.28 % negative EPS growth.

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 $1.05 billion. 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 10.14 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.

More recent Encore Capital Group, Inc. (NASDAQ:ECPG) news were published by: Nasdaq.com which released: “Representatives From Encore Capital Group to Speak at Prestigious Conference on Cyber Security” on September 12, 2018. Also Nasdaq.com published the news titled: “Encore Capital Group Named One of the 100 Best Companies for Women in India” on September 25, 2018. Seekingalpha.com‘s news article titled: “General Electric Is A Wait And Watch Story – Cramer’s Lightning Round (9/13/18)” with publication date: September 14, 2018 was also an interesting one.

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

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