ECN Capital (TSE:ECN) Upgraded to Strong-Buy at National Bank Financial

National Bank Financial upgraded shares of ECN Capital (TSE:ECN) from a hold rating to a strong-buy rating in a research report sent to investors on Friday morning,Zacks.com reports.

Several other equities analysts have also recently commented on the stock. CIBC boosted their target price on shares of ECN Capital from C$2.25 to C$2.50 in a research report on Friday. National Bankshares upped their price objective on shares of ECN Capital from C$2.25 to C$2.50 in a research report on Thursday, August 8th. Finally, BMO Capital Markets upped their price objective on shares of ECN Capital from C$2.00 to C$2.35 in a research report on Friday, August 9th. Five equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, ECN Capital currently has a consensus rating of “Hold” and a consensus target price of C$2.52.

ECN Capital Price Performance

Shares of TSE:ECN opened at C$3.00 on Friday. The firm has a 50 day moving average of C$2.18 and a 200-day moving average of C$1.98. The stock has a market capitalization of C$843.36 million, a PE ratio of -9.09, a PEG ratio of 0.24 and a beta of 1.35. The company has a current ratio of 10.77, a quick ratio of 3.81 and a debt-to-equity ratio of 383.08. ECN Capital has a 12 month low of C$1.60 and a 12 month high of C$3.10.

ECN Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Friday, December 13th. ECN Capital’s payout ratio is -12.12%.

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.