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Northland Securities Reaffirms Their Buy Rating on Encore Capital (ECPG)

Tipranks - Tipranks - Thu Jun 4, 9:32AM CDT

Northland Securities analyst Michael Grondahl maintained a Buy rating on Encore Capital today and set a price target of $120.00.

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According to TipRanks, Grondahl is a 5-star analyst with an average return of 26.6% and a 49.18% success rate. Grondahl covers the Financial sector, focusing on stocks such as OppFi, Cleanspark, and Hut 8.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Encore Capital with a $111.00 average price target.

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Based on Encore Capital’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $472.94 million and a net profit of $86.24 million. In comparison, last year the company earned a revenue of $392.78 million and had a net profit of $46.8 million

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