ECN Capital Corp. (TSE:ECN) Receives C$2.52 Consensus Target Price from Analysts

ECN Capital Corp. (TSE:ECN) has received an average recommendation of “Hold” from the five ratings firms that are covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$2.52.

Several research firms have recently weighed in on ECN. Cormark lifted their target price on ECN Capital from C$2.25 to C$3.50 and gave the stock a “moderate buy” rating in a research report on Tuesday, November 12th. CIBC lifted their price objective on shares of ECN Capital from C$2.25 to C$2.50 in a report on Friday, November 8th. Finally, National Bank Financial upgraded shares of ECN Capital from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th.

ECN Capital Price Performance

Shares of ECN stock opened at C$3.13 on Monday. The stock has a 50 day moving average price of C$2.71 and a 200 day moving average price of C$2.23. ECN Capital has a 52-week low of C$1.60 and a 52-week high of C$3.25. 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 capitalization of C$879.91 million, a P/E ratio of -9.48, a P/E/G ratio of 0.24 and a beta of 1.35.

ECN Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.28%. The ex-dividend date is Friday, December 13th. ECN Capital’s payout ratio is -12.12%.

Insider Buying and Selling at ECN Capital

In other ECN Capital news, Director Steven Kenneth Hudson sold 100,000 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of C$2.92, for a total transaction of C$292,300.00. Insiders own 18.31% of the company’s stock.

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.