Analyst RecommendationAnalysts are raising the price target from $56 to $60, based on 3.5x the 2025 Adjusted EBITDA estimate, in-line with the five-year average valuation.
Business PositioningECPG’s U.S. business remains as well positioned as ever, with better-than-forecast collections and purchases, leading to ERC rising sequentially.
Operational PerformanceThe company reiterated the 2024 guidance metrics that it provided several months ago, and the rate of collections growth and record U.S. purchasing volumes in the first quarter suggest very achievable targets and potential upside.