Cormark Issues Positive Forecast for ECN Capital (TSE:ECN) Stock Price

ECN Capital (TSE:ECN) had its price objective hoisted by Cormark from C$2.25 to C$3.50 in a research report released on Tuesday morning,BayStreet.CA reports.

Several other analysts have also commented on the stock. BMO Capital Markets increased their target price on shares of ECN Capital from C$2.00 to C$2.35 in a research note on Friday, August 9th. National Bankshares raised their price objective on ECN Capital from C$2.25 to C$2.50 in a research note on Thursday, August 8th. National Bank Financial raised ECN Capital from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. Finally, CIBC increased their price target on ECN Capital from C$2.25 to C$2.50 in a research report on Friday, November 8th. Five research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$2.66.

ECN Capital Stock Performance

Shares of ECN opened at C$2.96 on Tuesday. ECN Capital has a 52-week low of C$1.60 and a 52-week high of C$3.25. The firm has a market capitalization of C$832.12 million, a PE ratio of -8.97, a P/E/G ratio of 0.24 and a beta of 1.35. The firm has a 50-day moving average price of C$2.18 and a 200 day moving average price of C$1.98. The company has a quick ratio of 3.81, a current ratio of 10.77 and a debt-to-equity ratio of 383.08.

ECN Capital Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.35%. ECN Capital’s payout ratio is presently -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.