Encore Capital Group Price Target Raised to $55.00 at Janney Montgomery Scott (ECPG)
Research analysts at Janney Montgomery Scott raised their price target on shares of Encore Capital Group (NASDAQ:ECPG) from $47.00 to $55.00 in a report released on Monday, AnalystRatings.Net reports. The firm currently has a “buy” rating on the stock. Janney Montgomery Scott’s price target suggests a potential upside of 19.49% from the company’s current price.
Encore Capital Group (NASDAQ:ECPG) traded down 1.75% during mid-day trading on Monday, hitting $46.03. 222,373 shares of the company’s stock traded hands. Encore Capital Group has a 1-year low of $24.34 and a 1-year high of $48.62. The stock’s 50-day moving average is $44.43 and its 200-day moving average is $36.17. The company has a market cap of $1.162 billion and a price-to-earnings ratio of 16.45.
Encore Capital Group (NASDAQ:ECPG) last released its earnings data on Thursday, August 8th. The company reported $0.85 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.81 by $0.04. The company had revenue of $156.10 million for the quarter, compared to the consensus estimate of $147.73 million. During the same quarter in the prior year, the company posted $0.82 earnings per share. The company’s quarterly revenue was up 10.6% on a year-over-year basis. Analysts expect that Encore Capital Group will post $3.67 EPS for the current fiscal year.
A number of other firms have also recently commented on ECPG. Analysts at Zacks upgraded shares of Encore Capital Group from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, August 20th. They now have a $47.30 price target on the stock. Separately, analysts at Raymond James raised their price target on shares of Encore Capital Group from $43.00 to $48.00 in a research note to investors on Monday, August 12th. Finally, analysts at JMP Securities raised their price target on shares of Encore Capital Group from $44.00 to $49.00 in a research note to investors on Friday, August 9th. One investment analyst has rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $47.06.
Encore Capital Group, Inc (NASDAQ:ECPG) is engaged in consumer debt buying and recovery.
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