Encore Capital (ECPG) Gets a Buy Rating from Northland Securities

By Ryan Adsit

Northland Securities analyst Michael Grondahl maintained a Buy rating on Encore Capital (ECPGResearch Report) today and set a price target of $40. The company’s shares closed yesterday at $34.04.

According to TipRanks.com, Grondahl is a 5-star analyst with an average return of 14.5% and a 54.0% success rate. Grondahl covers the Financial sector, focusing on stocks such as Front Yard Residential Corporation, Altisource Portfolio Solutions SA, and Health Insurance Innovations.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Encore Capital with a $39.67 average price target.

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The company has a one-year high of $41.50 and a one-year low of $20.38. Currently, Encore Capital has an average volume of 286.1K.

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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.