ECN Capital Corp. (TSE:ECN) Receives C$2.29 Average PT from Brokerages

Shares of ECN Capital Corp. (TSE:ECN) have received a consensus recommendation of “Hold” from the six research firms that are covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$2.29.

A number of brokerages have weighed in on ECN. National Bankshares dropped their target price on shares of ECN Capital from C$2.75 to C$2.00 and set a “sector perform” rating for the company in a research note on Friday, March 22nd. BMO Capital Markets lowered their price target on shares of ECN Capital from C$2.60 to C$2.00 in a research report on Tuesday, March 26th. Royal Bank of Canada lowered their price target on shares of ECN Capital from C$3.00 to C$2.25 and set a “sector perform” rating for the company in a research report on Friday, March 22nd. CIBC boosted their price objective on shares of ECN Capital from C$1.90 to C$2.00 in a report on Friday, May 10th. Finally, TD Securities cut their price target on shares of ECN Capital from C$2.75 to C$2.00 and set a “hold” rating on the stock in a research note on Friday, May 3rd.

Insider Transactions at ECN Capital

In related news, Director Karen Lynne Martin bought 25,000 shares of the business’s stock in a transaction dated Friday, May 17th. The stock was bought at an average price of C$1.88 per share, for a total transaction of C$46,887.50. In other ECN Capital news, Director William Wayne Lovatt purchased 200,000 shares of the stock in a transaction that occurred on Monday, March 25th. The shares were acquired at an average cost of C$1.71 per share, with a total value of C$342,000.00. Also, Director Karen Lynne Martin purchased 25,000 shares of the stock in a transaction that occurred on Friday, May 17th. The shares were acquired at an average cost of C$1.88 per share, for a total transaction of C$46,887.50. In the last 90 days, insiders purchased 425,100 shares of company stock worth $767,907. 18.43% of the stock is owned by insiders.

ECN Capital Trading Up 1.1 %

Shares of ECN stock opened at C$1.87 on Thursday. ECN Capital has a 12-month low of C$1.60 and a 12-month high of C$3.24. The company has a market capitalization of C$525.69 million, a P/E ratio of -3.12, a P/E/G ratio of 0.24 and a beta of 1.25. The firm has a 50-day moving average price of C$1.83 and a 200 day moving average price of C$2.35. The company has a quick ratio of 3.81, a current ratio of 11.69 and a debt-to-equity ratio of 447.65.

ECN Capital (TSE:ECN) last announced its quarterly earnings results on Thursday, March 21st. The company reported C($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.01) by C($0.06). ECN Capital had a negative net margin of 134.34% and a negative return on equity of 52.97%. The firm had revenue of C$34.84 million for the quarter, compared to the consensus estimate of C$56.43 million. Research analysts forecast that ECN Capital will post 0.1708738 earnings per share for the current fiscal year.

ECN Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Tuesday, July 2nd will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend is Friday, June 14th. ECN Capital’s dividend payout ratio is presently -6.67%.

ECN Capital Company Profile

ECN Capital Corp. originates, manages, and advises on credit assets on behalf of its partners in North America. It operates in two segments, Manufactured Housing Finance; and Recreational Vehicle and Marine Finance. The company offers consumer loans, including manufactured housing, recreational vehicle, and marine loans; and commercial loans, such as inventory finance or floorplan loans.