Positive News Coverage Somewhat Unlikely to Impact Encore Capital Group (ECPG) Share Price
Media coverage about Encore Capital Group (NASDAQ:ECPG) has trended positive this week, Accern reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Encore Capital Group earned a daily sentiment score of 0.40 on Accern’s scale. Accern also assigned media stories about the asset manager an impact score of 46.0400590740478 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news articles that may have impacted Accern’s analysis:
- Encore Capital Group Subsidiary Abandons IPO Plan (sdbj.com)
- Has Encore Capital Group Inc (ECPG) Improved Earnings Growth In Recent Times? (finance.yahoo.com)
- Encore Capital Group Inc (ECPG) Receives Hold Rating from Janney Montgomery Scott (americanbankingnews.com)
- BRIEF-Encore Capital’s U.K.-based unit will not go forward with previously announced IPO (reuters.com)
- Cabot Credit Management Decides to Not Go Forward with Initial Public Offering (finance.yahoo.com)
Several research firms recently issued reports on ECPG. Janney Montgomery Scott reissued a “hold” rating on shares of Encore Capital Group in a research report on Saturday. Zacks Investment Research raised shares of Encore Capital Group from a “sell” rating to a “hold” rating in a research report on Monday, November 6th. SunTrust Banks, Inc. reissued a “buy” rating and issued a $57.00 target price on shares of Encore Capital Group in a research report on Friday, November 3rd. Northland Securities reissued a “hold” rating and issued a $49.00 target price on shares of Encore Capital Group in a research report on Friday, November 3rd. Finally, ValuEngine raised shares of Encore Capital Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Six investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $43.50.
Encore Capital Group (NASDAQ:ECPG) traded down $0.70 during midday trading on Wednesday, reaching $45.30. 221,912 shares of the company traded hands, compared to its average volume of 282,184. Encore Capital Group has a 52-week low of $26.30 and a 52-week high of $52.00. The company has a debt-to-equity ratio of 5.60, a current ratio of 0.70 and a quick ratio of 0.70. The stock has a market capitalization of $1,183.01, a price-to-earnings ratio of 12.45 and a beta of 1.84.
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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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