ECN Capital (TSE:ECN – Get Free Report) had its target price boosted by analysts at CIBC from C$2.25 to C$2.50 in a report issued on Friday,BayStreet.CA reports. CIBC’s price target would suggest a potential downside of 14.68% from the company’s previous close.
Several other equities research analysts also recently issued reports on ECN. National Bankshares boosted their price objective on ECN Capital from C$2.25 to C$2.50 in a report on Thursday, August 8th. BMO Capital Markets boosted their price target on shares of ECN Capital from C$2.00 to C$2.35 in a research note on Friday, August 9th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of C$2.52.
Get Our Latest Report on ECN Capital
ECN Capital Stock Performance
ECN Capital (TSE:ECN – Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The company reported C$0.04 EPS for the quarter, hitting analysts’ consensus estimates of C$0.04. ECN Capital had a negative return on equity of 33.69% and a negative net margin of 55.01%. The company had revenue of C$79.37 million for the quarter, compared to analysts’ expectations of C$75.42 million. As a group, equities research analysts predict that ECN Capital will post 0.2446449 EPS for the current year.
About ECN Capital
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.
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