ECN Capital Corp. (TSE:ECN) Receives C$2.52 Consensus PT from Analysts

Shares of ECN Capital Corp. (TSE:ECN) have received a consensus rating of “Hold” from the five analysts that are currently covering the stock, Marketbeat.com 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 12 month target price among analysts that have covered the stock in the last year is C$2.52.

A number of equities analysts have recently commented on the stock. National Bank Financial raised shares of ECN Capital from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. Cormark boosted their target price on shares of ECN Capital from C$2.25 to C$3.50 and gave the stock a “moderate buy” rating in a research report on Tuesday, November 12th. Finally, CIBC raised their price target on ECN Capital from C$2.25 to C$2.50 in a research report on Friday, November 8th.

Insider Activity at ECN Capital

In other news, Director Steven Kenneth Hudson sold 20,300 shares of the business’s stock in a transaction that occurred 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. 18.31% of the stock is owned by corporate insiders.

ECN Capital Trading Up 0.9 %

ECN Capital stock opened at C$3.21 on Friday. ECN Capital has a one year low of C$1.60 and a one year high of C$3.43. The company’s fifty day moving average price is C$3.02 and its two-hundred day moving average price is C$2.39. The company has a debt-to-equity ratio of 383.08, a current ratio of 10.77 and a quick ratio of 3.81. The company has a market capitalization of C$902.40 million, a price-to-earnings ratio of -9.73, a PEG ratio of 0.24 and a beta of 1.35.

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

ECN Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders 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 dividend 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.