Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Encore Capital Group Inc (NASDAQ: ECPG) improved recently. ECPG’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
On 4/8/24, Encore Capital Group Inc (NASDAQ: ECPG) stock enjoyed a large increase of 2.1%, closing at $44.48. However, this advance was accompanied by unusually low trading volume at 52% of normal. The stock has performed in line with the market over the last nine months and has declined -2.5% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, ECPG is expected to continue to be an important Value Builder.
Encore Capital Group has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Encore Capital Group has a good Appreciation Score of 83 but a neutral Power Rating of 45, with the Positive Value Trend Rating the result.
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