In a report released yesterday, Ben Chittenden from Oppenheimer assigned a Buy rating to Encore Capital (NASDAQ: ECPG). The company’s shares closed yesterday at $38.25, close to its 52-week low of $35.85.
According to TipRanks.com, Chittenden is a 3-star analyst with an average return of 1.3% and a 54.7% success rate. Chittenden covers the Financial sector, focusing on stocks such as Credit Acceptance Corp, Capital One Financial, and Synchrony Financial.
Encore Capital has an analyst consensus of Moderate Buy, with a price target consensus of $54.
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Encore Capital’s market cap is currently $991.1M and has a P/E ratio of 12.23. The company has a Price to Book ratio of 1.62.
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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.
