ECN Capital Corp. (TSE:ECN) Receives Consensus Recommendation of “Hold” from Analysts

Shares of ECN Capital Corp. (TSE:ECN) have earned an average recommendation of “Hold” from the five brokerages that are currently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$2.68.

A number of research firms have issued reports on ECN. National Bank Financial downgraded ECN Capital from a “strong-buy” rating to a “hold” rating in a research note on Sunday, February 2nd. CIBC boosted their target price on ECN Capital from C$2.50 to C$3.50 and gave the stock a “neutral” rating in a research note on Thursday, January 30th.

ECN Capital Price Performance

ECN stock opened at C$2.70 on Friday. The company has a market capitalization of C$541.84 million, a P/E ratio of -12.06, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35. The company has a debt-to-equity ratio of 304.13, a quick ratio of 3.81 and a current ratio of 13.28. ECN Capital has a 52-week low of C$1.60 and a 52-week high of C$3.52. The business has a 50-day simple moving average of C$3.21 and a two-hundred day simple moving average of C$2.73.

ECN Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 31st will be paid a $0.01 dividend. The ex-dividend date is Thursday, March 20th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.48%. ECN Capital’s payout ratio is presently -17.87%.

About ECN Capital

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.