There’s a lot to be optimistic about in the Financial sector as 2 analysts just weighed in on Wsfs Financial Corp (NASDAQ:WSFS) and Encore Capital (NASDAQ:ECPG) with bullish sentiments.
Wsfs Financial Corp (WSFS)
Boenning & Scattergood analyst Matthew Schultheis maintained a Buy rating on Wsfs Financial Corp today. The company’s shares closed yesterday at $50.85.
According to TipRanks.com, Schultheis is a 4-star analyst with an average return of 8.4% and a 74.2% success rate. Schultheis covers the Financial sector, focusing on stocks such as Orrstown Financial Services Inc, Citizens Financial Services Inc, and Monmouth Real Estate ate.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Wsfs Financial Corp with a $61 average price target.
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Encore Capital (ECPG)
In a report released today, Ben Chittenden from Oppenheimer maintained a Buy rating on Encore Capital, with a price target of $54. The company’s shares closed yesterday at $35.55, close to its 52-week low of $35.15.
Chittenden wrote:
“ECPG reported $1.33 in adjusted 2Q18 EPS, the top end of the pre-announced range (7/16). There were moving pieces, including an $18M valuation reversal, $7M of derivative MTM loss Cabot transaction hedges, and a discretionary marketing/mailing initiative (undisclosed amount). Thus, a lot of noise, but the underlying trends continue to move in the right direction, and ECPG continues to execute well. With its locked- in flow arrangements and leading positions in the US/UK markets where supply continues to increase, the company should be well positioned to continue to grow earnings. We continue to like the story and recommend investors take advantage of the fact that the stock is down ~20% since 3/31 as the fundamentals remain on track.”
According to TipRanks.com, Chittenden is a 3-star analyst with an average return of 1.7% and a 55.2% success rate. Chittenden covers the Financial sector, focusing on stocks such as Discover Financial Services, Credit Acceptance Corp, and Santander Consumer USA.
Encore Capital has an analyst consensus of Moderate Buy, with a price target consensus of $53.50.
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