JMP Securities Maintains Market Outperform Rating for Encore Capital Gr: Here's What You Need To Know


JMP Securities has decided to maintain its Market Outperform rating of Encore Capital Gr ECPG and lower its price target from $61.00 to $56.00.

Shares of Encore Capital Gr are trading down 1.05% over the last 24 hours, at $42.30 per share.

A move to $56.00 would account for a 32.39% increase from the current share price.

About Encore Capital Gr

Encore Capital Group Inc is a specialty finance company. It provides debt recovery solutions for consumers and property owners across a broad range of financial assets. The company purchase portfolios of defaulted consumer receivables at deep discounts to face value and manage them by working with individuals as the consumer repay their obligations and work toward financial recovery. Encore has only a reportable segment being portfolio purchasing and recovery.

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Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Posted In: Analyst RatingsBZI-AAR-UPDATE
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