William Blair Reiterates Outperform On Encore Capital

In a research note released today, William Blair reiterated coverage on Encore Capital Group, Inc (ECPG) with an Outperform rating.

Blair analyst Robert Napoli has increased confidence in Encore’s long-term growth and global market opportunities following CFO Paul Grinberg’s presentation at William Blair’s 34th Annual Growth Stock Conference on Tuesday, June 10, as well as the company’s annual investor day on Thursday, June 6. Management stated that the U.S. market is exhibiting early signs of stabilization, though it remains very competitive.

“Management provided a capital deployment outlook for 2014 and 2015 that was comfortably above our expectations. Mr. Grinberg was quite confident in the India opportunity, which the company anticipates to begin in 2015. Discussion of the U.S. regulatory environment suggested continued uncertainty, but potential rule changes, which are likely in 2015, would be manageable, in our view”, said Napoli.

According to TipRanks, which measures analysts and bloggers success rate based on how their calls perform, 4-star analyst Robert Napoli, who covers ECPG, has a one-year average return of 35.6% and a 83% success rate.

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