CIBC Boosts ECN Capital (TSE:ECN) Price Target to C$2.50

ECN Capital (TSE:ECNGet 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

Shares of ECN stock opened at C$2.93 on Friday. The company has a debt-to-equity ratio of 383.08, a quick ratio of 3.81 and a current ratio of 10.77. The firm has a market cap of C$823.68 million, a P/E ratio of -8.88, a P/E/G ratio of 0.24 and a beta of 1.35. The firm’s 50 day moving average price is C$2.16 and its 200-day moving average price is C$1.97. ECN Capital has a one year low of C$1.60 and a one year high of C$3.10.

ECN Capital (TSE:ECNGet 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

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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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Analyst Recommendations for ECN Capital (TSE:ECN)

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