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Enter Symbol:
Encore Capital Group Inc (ECPG) [hlAlert]

up 13.46 %

Encore Capital Group Inc (ECPG) rated Outperform by Raymond James

Posted on: Tuesday,  Jul 9, 2013  8:25 AM ET by Raymond James

Raymond James rated Outperform Encore Capital Group Inc (NASDAQ: ECPG) on 07/09/2013, when the stock price was $34.60.
Since then, Encore Capital Group Inc has gained 13.47% as of 12/31/2016's recent price of $39.26.
If you would have followed this Raymond James's recommendation on ECPG, you would have gained 13.46% of your investment in 1271 days.

Encore Capital Group, Inc. is a systems-driven purchaser and manager of charged-off consumer receivable portfolios and, through its wholly owned subsidiary Ascension Capital Group, Inc. (Ascension), a provider of bankruptcy services to the finance industry. The Company acquires receivable portfolios at deep discounts from their face values using its valuation process that is based upon an analysis of the individual consumer attributes of the underlying accounts. The receivable portfolios it purchases consist primarily of unsecured, charged-off domestic consumer credit card, auto loan deficiency and telecom receivables purchased from national financial institutions, retail credit corporations, telecom companies and resellers of such portfolios. Acquisitions of receivable portfolios are financed from operating cash flows and by borrowings from third parties.

Our equity research team has gained national attention for stock-picking ability and analyst performance, with recognition in leading publications such as the Wall Street Journal and Institutional Investor magazine*. Raymond James’ equity research philosophy focuses on a fundamental approach that encompasses three basic points. First, we believe that superior research on select companies within well-defined industries is preferable to broad general coverage. Second, we concentrate on the identification of quality companies demonstrating solid growth potential, with the goal of helping our clients maximize their investment returns. Third, to help our clients take advantage of pockets of inefficiency in the market, we strive to locate superior companies from across the country that have the potential to provide our clients with unique opportunities.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/9/2013 8:25 AM Buy
as of 12/13/2013
1 Week down  -4.71 %
1 Month down  -4.37 %
3 Months up  3.43 %
1 YTD up  29.59 %

(*) Stock Price at the time of the recommendation.
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