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

ECN Capital (TSE:ECN) was upgraded by research analysts at National Bank Financial from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Friday,Zacks.com reports.

A number of other research firms also recently commented on ECN. CIBC increased their price objective on ECN Capital from C$2.25 to C$2.50 in a report on Friday. BMO Capital Markets increased their price objective on ECN Capital from C$2.00 to C$2.35 in a report on Friday, August 9th. Finally, National Bankshares increased their price objective on ECN Capital from C$2.25 to C$2.50 in a report on Thursday, August 8th. Five investment 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, the company presently has an average rating of “Hold” and a consensus price target of C$2.52.

ECN Capital Price Performance

Shares of ECN opened at C$3.00 on Friday. The business’s 50-day moving average is C$2.18 and its 200-day moving average is C$1.98. ECN Capital has a fifty-two week low of C$1.60 and a fifty-two week high of C$3.10. The company has a market capitalization of C$843.36 million, a price-to-earnings ratio of -9.09, a P/E/G ratio of 0.24 and a beta of 1.35. The company has a debt-to-equity ratio of 383.08, a current ratio of 10.77 and a quick ratio of 3.81.

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.