Encore Capital traded at $80.60 this Thursday June 4th, increasing $2.59 or 3.32 percent since the previous trading session. Looking back, over the last four weeks, Encore Capital gained 4.51 percent. Over the last 12 months, its price rose by 116.38 percent. Looking ahead, we forecast Encore Capital to be priced at 78.34 by the end of this quarter and at 73.75 in one year, according to Trading Economics global macro models projections and analysts expectations.
Encore Capital Group, Inc., through its subsidiaries, is a specialty finance company providing debt recovery solutions and other related services for consumers across a broad range of financial assets. The Company operates through portfolio purchasing and recovery segment. The Company primarily purchase portfolios of defaulted consumer receivables at discounts to face value and manage them by working with individuals as they repay their obligations and work toward financial recovery. Defaulted receivables are consumers’ unpaid financial obligations to credit originators, including banks, credit unions, consumer finance companies and commercial retailers. Defaulted receivables also include receivables subject to bankruptcy proceedings. It also provides debt servicing and other portfolio management services to credit originators for non-performing loans. The Company through its subsidiaries provides credit management services in Europe, United Kingdom and Ireland.