Analysts Set ECN Capital Corp. (TSE:ECN) PT at C$2.52

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

A number of brokerages have issued reports on ECN. CIBC upped their price objective on ECN Capital from C$2.25 to C$2.50 in a research report on Friday, November 8th. Cormark boosted their target price on ECN Capital from C$2.25 to C$3.50 and gave the company a “moderate buy” rating in a research report on Tuesday, November 12th. Finally, National Bank Financial upgraded shares of ECN Capital from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th.

Insider Transactions at ECN Capital

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

ECN Capital Stock Performance

ECN Capital stock opened at C$3.13 on Monday. The company’s 50-day moving average price is C$2.71 and its 200-day moving average price is C$2.23. The company has a quick ratio of 3.81, a current ratio of 10.77 and a debt-to-equity ratio of 383.08. The company has a market cap of C$879.91 million, a PE ratio of -9.48, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35. ECN Capital has a twelve month low of C$1.60 and a twelve month high of C$3.25.

ECN Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend is Friday, December 13th. 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.