Northland Securities analyst Michael Grondahl maintained a Buy rating on Encore Capital (NASDAQ:ECPG) Group Inc on Thursday, setting a price target of $55, which is approximately 60.12% above the present share price of $34.35.
Grondahl expects Encore Capital Group Inc to post earnings per share (EPS) of $1.74 for the first quarter of 2021.
The current consensus among 2 TipRanks analysts is for a Moderate Buy rating of shares in Encore Capital, with an average price target of $54.5.
The analysts price targets range from a high of $55 to a low of $54.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $403.68 million and a net profit of $202.84 million. The company's market cap is $1.08 billion.
According to TipRanks.com, Northland Securities analyst Michael Grondahl is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 32.2% and a 64.65% success rate.
Encore Capital Group, Inc. engages in the provision of debt management and recovery solutions for consumers and property owners across a broad range of financial assets. It operates through the following geographical segments: United States, International, Europe, and Other. The company was founded in April 1999 and is headquartered in San Diego, CA.