Encore Capital Group Inc. (NASDAQ:ECPG) closed Thursday at $56.33 per share, down from $69.80 a day earlier. While Encore Capital Group Inc. has underperformed by -19.30%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ECPG rose by 20.31%, with highs and lows ranging from $72.73 to $46.10, whereas the simple moving average fell by -8.20% in the last 200 days.
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On January 15, 2019, Oppenheimer Upgraded Encore Capital Group Inc. (NASDAQ: ECPG) to Outperform. A report published by Buckingham Research on January 03, 2019, Initiated its previous ‘Buy’ rating for ECPG. Citigroup September 20, 2016d its ‘Buy’ rating to ‘Neutral’ for ECPG, as published in its report on September 20, 2016. Citigroup also rated the stock as ‘Buy’.
Analysis of Encore Capital Group Inc. (ECPG)
Further, the quarter-over-quarter decrease in sales is -10.70%, showing a negative trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Encore Capital Group Inc.’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 32.70% is sufficient for you to turn a profit off your investment.
As an indicator of volatility for any stock, average volume can also be very valuable, and ECPG is recording an average volume of 331.47K. On a monthly basis, the volatility of the stock is set at 4.41%, whereas on a weekly basis, it is put at 6.64%, with a loss of -20.01% over the past seven days. Furthermore, long-term investors anticipate a median target price of $75.75, showing growth from the present price of $56.33, which can serve as yet another indication of whether ECPG is worth investing in or should be passed over.
How Do You Analyze Encore Capital Group Inc. Shares?
Encore Capital Group Inc. (ECPG) is based in the USA and is one of the most prominent companies operating in the Mortgage Finance market. When comparing Encore Capital Group Inc. shares with other companies under Financial, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 3.84, there is a growth in quarterly earnings of 115.10%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 3.10%. This can enable you to see the extent to which executives own the company’s stock.
Are institutional investors increasing their holdings in ECPG shares?
The recent increase in stakes in ECPG appears to be a result of several institutional investors and hedge funds increasing their positions. BlackRock Fund Advisors’s position in ECPG has decreased by -5.52% in the first quarter. The company now owns 3,657,764 shares of the stock, with a value of $211.31 million, following the sale of -213,645 additional shares during the last quarter. The Vanguard Group, Inc. made another decreased to its shares in ECPG during the first quarter, downing its stake by -1.51%. During the last quarter, the company dropped down -39,764 additional shares for a total stake of worth $149.67 million, bringing number of shares owned by the company to 2,590,862.
During the first quarter, Broad Run Investment Management L subtracted a -51,379 position in ECPG. Dimensional Fund Advisors LP purchased an additional 34932.0 shares in the last quarter, increasing its holdings by 1.96%, now holding 1.82 million shares worth $104.91 million. At the end of the first quarter, Fidelity Management & Research Co decreased its ECPG holdings by -11.45% and now holds 1.55 million ECPG shares valued at $89.76 million with the lessened -0.2 million shares during the period.