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

ECN Capital Corp. (TSE:ECN) has received a consensus recommendation of “Hold” from the five brokerages that are currently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$2.52.

A number of research firms have recently weighed in on ECN. Cormark raised their price target on shares of ECN Capital from C$2.25 to C$3.50 and gave the company a “moderate buy” rating in a research note on Tuesday, November 12th. 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. Finally, CIBC raised their price objective on shares of ECN Capital from C$2.25 to C$2.50 in a report on Friday, November 8th.

Insiders Place Their Bets

In other ECN Capital news, Director Steven Kenneth Hudson sold 20,300 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of C$2.91, for a total transaction of C$59,012.10. Company insiders own 18.31% of the company’s stock.

ECN Capital Trading Down 0.9 %

ECN opened at C$3.20 on Friday. The company’s 50 day moving average is C$3.03 and its 200-day moving average is C$2.41. ECN Capital has a 1-year low of C$1.60 and a 1-year high of C$3.43. The company has a current ratio of 10.77, a quick ratio of 3.81 and a debt-to-equity ratio of 383.08. The company has a market cap of C$899.58 million, a P/E ratio of -9.70, a PEG ratio of 0.24 and a beta of 1.35.

ECN Capital (TSE:ECN) last posted its quarterly earnings results on Thursday, November 7th. The company reported C$0.07 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.05 by C$0.02. ECN Capital had a negative net margin of 55.01% and a negative return on equity of 33.69%. Equities research analysts predict that ECN Capital will post 0.2446449 earnings per share for the current fiscal year.

ECN Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.04 annualized dividend and a yield of 1.25%. 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.