IDEX (IEX) Forms $141.94 Double Top; Encore Capital Group (ECPG) Sentiment Is 1.25

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

Encore Capital Group Inc (ECPG) investors sentiment increased to 1.25 in 2017 Q4. It’s up 0.15, from 1.1 in 2017Q3. The ratio increased, as 70 investment managers opened new or increased positions, while 56 decreased and sold stakes in Encore Capital Group Inc. The investment managers in our database now own: 24.77 million shares, down from 25.44 million shares in 2017Q3. Also, the number of investment managers holding Encore Capital Group Inc in top ten positions was flat from 3 to 3 for the same number . Sold All: 10 Reduced: 46 Increased: 44 New Position: 26.

IDEX Corporation (IEX) formed double top with $149.04 target or 5.00% above today’s $141.94 share price. IDEX Corporation (IEX) has $10.87 billion valuation. The stock decreased 0.18% or $0.26 during the last trading session, reaching $141.94. About 174,108 shares traded. IDEX Corporation (NYSE:IEX) has risen 54.93% since April 15, 2017 and is uptrending. It has outperformed by 43.38% the S&P500.

Among 15 analysts covering IDEX Corporation (NYSE:IEX), 2 have Buy rating, 0 Sell and 13 Hold. Therefore 13% are positive. IDEX Corporation has $165.0 highest and $79 lowest target. $132.30’s average target is -6.79% below currents $141.94 stock price. IDEX Corporation had 54 analyst reports since September 29, 2015 according to SRatingsIntel. The firm has “Hold” rating by Oppenheimer given on Wednesday, July 5. As per Sunday, October 15, the company rating was maintained by Stifel Nicolaus. Stifel Nicolaus maintained the stock with “Hold” rating in Tuesday, July 4 report. Suntrust Robinson initiated IDEX Corporation (NYSE:IEX) on Tuesday, November 3 with “Neutral” rating. The stock of IDEX Corporation (NYSE:IEX) earned “Hold” rating by Cowen & Co on Friday, October 6. The company was maintained on Wednesday, October 4 by Robert W. Baird. The firm has “Buy” rating given on Tuesday, July 19 by Janney Capital. The stock of IDEX Corporation (NYSE:IEX) has “Hold” rating given on Wednesday, October 4 by Jefferies. On Monday, October 16 the stock rating was maintained by SunTrust with “Hold”. The stock has “Hold” rating by BMO Capital Markets on Monday, October 16.

Analysts await IDEX Corporation (NYSE:IEX) to report earnings on April, 18. They expect $1.24 earnings per share, up 20.39% or $0.21 from last year’s $1.03 per share. IEX’s profit will be $94.98 million for 28.62 P/E if the $1.24 EPS becomes a reality. After $1.12 actual earnings per share reported by IDEX Corporation for the previous quarter, Wall Street now forecasts 10.71% EPS growth.

Investors sentiment increased to 1.04 in Q4 2017. Its up 0.01, from 1.03 in 2017Q3. It is positive, as 21 investors sold IDEX Corporation shares while 120 reduced holdings. 58 funds opened positions while 88 raised stakes. 72.31 million shares or 1.43% less from 73.36 million shares in 2017Q3 were reported. Raymond James Advisors Inc holds 2,983 shares. Driehaus Management Ltd Com stated it has 0.03% of its portfolio in IDEX Corporation (NYSE:IEX). Gofen And Glossberg Limited Liability Co Il stated it has 0.26% in IDEX Corporation (NYSE:IEX). Jpmorgan Chase & has 0.06% invested in IDEX Corporation (NYSE:IEX) for 2.10M shares. Comerica Bancshares accumulated 64,042 shares. Axa stated it has 0.01% of its portfolio in IDEX Corporation (NYSE:IEX). Sandhill Cap Prtnrs Ltd Limited Liability Company holds 0.17% of its portfolio in IDEX Corporation (NYSE:IEX) for 7,157 shares. Capital Guardian holds 172,493 shares or 0.32% of its portfolio. Northern Tru Corp invested in 656,218 shares. Strs Ohio has 0% invested in IDEX Corporation (NYSE:IEX). First Republic Mgmt Incorporated invested in 0% or 2,091 shares. Barbara Oil Com reported 0.9% of its portfolio in IDEX Corporation (NYSE:IEX). Susquehanna Intll Gru Llp holds 8,142 shares. Cornerstone Advisors holds 0.01% in IDEX Corporation (NYSE:IEX) or 81 shares. Clearbridge Investments Ltd Liability Co holds 1.31 million shares or 0.16% of its portfolio.

Analysts await Encore Capital Group, Inc. (NASDAQ:ECPG) to report earnings on May, 3. They expect $0.99 EPS, up 4.21% or $0.04 from last year’s $0.95 per share. ECPG’s profit will be $25.54M for 11.38 P/E if the $0.99 EPS becomes a reality. After $1.05 actual EPS reported by Encore Capital Group, Inc. for the previous quarter, Wall Street now forecasts -5.71% negative EPS growth.

Ratings analysis reveals 0 of Encore Capital’s analysts are positive. Out of 2 Wall Street analysts rating Encore Capital, 0 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. ECPG was included in 2 notes of analysts from September 20, 2016. Citigroup downgraded Encore Capital Group, Inc. (NASDAQ:ECPG) on Tuesday, September 20 to “Neutral” rating. Raymond James downgraded Encore Capital Group, Inc. (NASDAQ:ECPG) on Tuesday, December 13 to “Mkt Perform” rating.

Since January 1, 0001, it had 0 buys, and 3 selling transactions for $2.45 million activity.

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 $1.16 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 14.29 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.

Red Mountain Capital Partners Llc holds 23.66% of its portfolio in Encore Capital Group, Inc. for 1.14 million shares. Second Curve Capital Llc owns 238,000 shares or 3.94% of their US portfolio. Moreover, Broad Run Investment Management Llc has 3.92% invested in the company for 2.88 million shares. The Texas-based Smith Graham & Co. Investment Advisors Lp has invested 1.5% in the stock. Pembroke Management Ltd, a Quebec – Canada-based fund reported 207,093 shares.

The stock increased 0.78% or $0.35 during the last trading session, reaching $45.05. About 134,426 shares traded. Encore Capital Group, Inc. (ECPG) has risen 45.54% since April 14, 2017 and is uptrending. It has outperformed by 33.99% the S&P500.

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

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