Northland Securities Maintains Their Buy Rating on Encore Capital (ECPG)

By Ryan Adsit

In a report released today, Michael Grondahl from Northland Securities maintained a Buy rating on Encore Capital (ECPGResearch Report), with a price target of $40.00. The company’s shares closed last Monday at $33.74.

According to TipRanks.com, Grondahl is a 5-star analyst with an average return of 12.4% and a 57.7% success rate. Grondahl covers the Financial sector, focusing on stocks such as Altisource Portfolio Solutions SA, Piper Jaffray Companies, and WisdomTree Investments.

Encore Capital has an analyst consensus of Strong Buy, with a price target consensus of $42.67.

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The company has a one-year high of $39.19 and a one-year low of $20.38. Currently, Encore Capital has an average volume of 335.3K.

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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.