Fintel reports that on August 7, 2023, JMP Securities reiterated coverage of Encore Capital Group (NASDAQ:ECPG) with a Market Outperform recommendation.
Analyst Price Forecast Suggests 27.73% Upside
As of August 2, 2023, the average one-year price target for Encore Capital Group is 64.52. The forecasts range from a low of 56.56 to a high of $76.65. The average price target represents an increase of 27.73% from its latest reported closing price of 50.51.
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The projected annual revenue for Encore Capital Group is 1,361MM, an increase of 15.59%. The projected annual non-GAAP EPS is 7.18.
What is the Fund Sentiment?
There are 488 funds or institutions reporting positions in Encore Capital Group. This is a decrease of 39 owner(s) or 7.40% in the last quarter. Average portfolio weight of all funds dedicated to ECPG is 0.20%, an increase of 0.93%. Total shares owned by institutions decreased in the last three months by 1.30% to 31,192K shares. 
The put/call ratio of ECPG is 5.66, indicating a bearish outlook.
What are Other Shareholders Doing?
Turtle Creek Asset Management holds 2,100K shares representing 8.95% ownership of the company. In it's prior filing, the firm reported owning 1,508K shares, representing an increase of 28.23%. The firm increased its portfolio allocation in ECPG by 28.86% over the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 1,701K shares representing 7.24% ownership of the company. In it's prior filing, the firm reported owning 1,733K shares, representing a decrease of 1.91%. The firm increased its portfolio allocation in ECPG by 0.34% over the last quarter.
Broad Run Investment Management holds 1,316K shares representing 5.60% ownership of the company. In it's prior filing, the firm reported owning 1,508K shares, representing a decrease of 14.58%. The firm decreased its portfolio allocation in ECPG by 9.12% over the last quarter.
FCPVX - Fidelity Small Cap Value Fund holds 1,250K shares representing 5.32% ownership of the company. No change in the last quarter.
T. Rowe Price Investment Management holds 1,115K shares representing 4.75% ownership of the company. In it's prior filing, the firm reported owning 1,042K shares, representing an increase of 6.52%. The firm increased its portfolio allocation in ECPG by 5.19% over the last quarter.
Encore Capital Group Background Information
(This description is provided by the company.)
Encore Capital Group is an international specialty finance company that provides debt recovery solutions and other related services for consumers across a broad range of financial assets. Through its subsidiaries around the globe, Encore purchases portfolios of consumer receivables from major banks, credit unions, and utility providers.
Additional reading:
- Encore Capital Group Announces Second Quarter 2023 Financial Results
- Second Quarter 2023 Investor Presentation Encore Capital Group, Inc. August 2, 2023 Encore Capital Group, Inc. 2 Legal Disclaimers The statements in this presentation that are not historical facts, including, most importantly, those statements preced
- Amendment Letter, dated May 11, 2023, to the Amended and Restated Senior Facilities Agreement, dated March 29, 2022, by and among Encore Capital Group, Inc., the several guarantors, banks and other financial institutions and lenders from time to time party thereto and Truist Bank as Agent and Security Agent
- Encore Capital Group, Inc. Extends its Global Senior Facility
- Encore Capital Group Announces First Quarter 2023 Financial Results
This story originally appeared on Fintel.
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