Encore Capital (ECPG) was Downgraded to a Hold Rating at Oppenheimer


In a report released today, Ben Chittenden from Oppenheimer downgraded Encore Capital (NASDAQ: ECPG) to Hold. The company’s shares closed yesterday at $35.62, close to its 52-week low of $35.15.

According to TipRanks.com, Chittenden is a 3-star analyst with an average return of 1.7% and a 54.5% success rate. Chittenden covers the Financial sector, focusing on stocks such as Discover Financial Services, Credit Acceptance Corp, and Santander Consumer USA.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Encore Capital with a $54 average price target.

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The company has a one-year high of $52 and a one-year low of $35.15. Currently, Encore Capital has an average volume of 382K.

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Encore Capital Group, Inc. engages in the provision of debt management and recovery solutions for consumers and property owners across a broad range of financial assets. It operates through the following geographical segments: United States, International, Europe, and Other. The company was founded in April 1999 and is headquartered in San Diego, CA.

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