Favorable News Coverage Somewhat Unlikely to Affect Encore Capital Group (ECPG) Stock Price
News coverage about Encore Capital Group (NASDAQ:ECPG) has trended positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Encore Capital Group earned a coverage optimism score of 0.39 on Accern’s scale. Accern also gave media stories about the asset manager an impact score of 46.2284310138476 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
ECPG has been the topic of several recent research reports. BidaskClub lowered Encore Capital Group from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th. Northland Securities reaffirmed a “hold” rating and set a $49.00 price objective on shares of Encore Capital Group in a research note on Friday, November 3rd. Zacks Investment Research raised Encore Capital Group from a “sell” rating to a “hold” rating in a research note on Monday, November 6th. Janney Montgomery Scott reaffirmed a “hold” rating on shares of Encore Capital Group in a research note on Saturday, November 18th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $57.00 price objective on shares of Encore Capital Group in a research note on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Encore Capital Group presently has an average rating of “Hold” and a consensus target price of $46.88.
Shares of Encore Capital Group (NASDAQ ECPG) opened at $42.77 on Friday. The company has a market capitalization of $1,113.49, a price-to-earnings ratio of 12.05 and a beta of 1.82. Encore Capital Group has a 12 month low of $27.80 and a 12 month high of $52.00. The company has a debt-to-equity ratio of 5.60, a quick ratio of 0.70 and a current ratio of 0.70.
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About Encore Capital Group
Encore Capital Group, Inc, through its subsidiaries, is a specialty finance company providing debt recovery solutions for consumers and property owners across a range of financial assets. The Company operates through Portfolio Purchasing and Recovery segment. The Company’s geographical segments include the United States, Europe and other.
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