Encore Capital (ECPG) Gets a Buy Rating from Oppenheimer


Oppenheimer analyst Dominick Gabriele assigned a Buy rating to Encore Capital (ECPG) yesterday and set a price target of $54.00. The company’s shares closed last Monday at $33.74.

According to TipRanks.com, Gabriele is a 1-star analyst with an average return of -3.1% and a 37.5% success rate. Gabriele covers the Financial sector, focusing on stocks such as Discover Financial Services, Capital One Financial, and Synchrony Financial.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Encore Capital with a $54.50 average price target.

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Based on Encore Capital’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $426 million and net profit of $130 million. In comparison, last year the company earned revenue of $347 million and had a net profit of $36.66 million.

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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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