CIBC Boosts ECN Capital (TSE:ECN) Price Target to C$3.00

ECN Capital (TSE:ECNFree Report) had its price target upped by CIBC from C$2.60 to C$3.00 in a report released on Monday, BayStreet.CA reports. They currently have a neutral rating on the stock.

Other analysts also recently issued research reports about the stock. National Bankshares downgraded shares of ECN Capital from an outperform rating to a sector perform rating and reduced their price objective for the stock from C$3.50 to C$2.75 in a research report on Tuesday, November 14th. BMO Capital Markets cut their target price on shares of ECN Capital from C$2.75 to C$2.60 and set a market perform rating for the company in a research note on Wednesday, November 15th. Royal Bank of Canada lifted their price objective on ECN Capital from C$2.75 to C$3.00 in a research note on Thursday, January 4th. TD Securities boosted their price objective on shares of ECN Capital from C$2.50 to C$3.00 and gave the stock a hold rating in a research note on Tuesday, January 23rd. Finally, Raymond James decreased their price target on shares of ECN Capital from C$4.00 to C$3.50 in a research report on Wednesday, November 15th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to, the company has a consensus rating of Hold and a consensus price target of C$2.94.

Check Out Our Latest Analysis on ECN Capital

ECN Capital Stock Up 0.4 %

Shares of ECN opened at C$2.75 on Monday. The stock has a 50 day moving average price of C$2.70 and a 200 day moving average price of C$2.52. ECN Capital has a one year low of C$1.65 and a one year high of C$3.66. The company has a debt-to-equity ratio of 320.01, a quick ratio of 3.81 and a current ratio of 9.94. The stock has a market capitalization of C$769.86 million, a price-to-earnings ratio of -8.24, a PEG ratio of 0.24 and a beta of 1.29.

ECN Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Tuesday, January 2nd were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend was Thursday, December 14th. ECN Capital’s dividend payout ratio is presently -11.76%.

Insider Transactions at ECN Capital

In other ECN Capital news, Director Steven Kenneth Hudson bought 250,000 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were purchased at an average cost of C$2.09 per share, for a total transaction of C$523,725.00. Insiders own 18.85% of the company’s stock.

ECN Capital Company Profile

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ECN Capital Corp. originates, manages, and advises on credit assets on behalf of its partners in North America. It operates through two segments, Manufactured Housing Finance; and Recreational Vehicle and Marine Finance. The company provides consumer loans, including manufactured housing, recreational vehicle, and marine loans; and commercial loans, such as inventory finance or floorplan loans.

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Analyst Recommendations for ECN Capital (TSE:ECN)

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