Stock Rating Upgrade
In recent days the Value Trend Rating for Encore Capital Group Inc (NASDAQ: ECPG) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
On 8/16/24, Encore Capital Group Inc (NASDAQ: ECPG) stock enjoyed a large increase of 2.8%, closing at $49.61. However, this advance was accompanied by below average trading volume at 74% of normal. Relative to the market the stock has been weak over the last nine months and has declined -0.6% during the last week.
Current PriceTarget Research Rating
ECPG’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company 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 79 but a neutral Power Rating of 43, resulting in the Positive Value Trend Rating.
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