ECN Capital (TSE:ECN – Free Report) had its price objective decreased by CIBC from C$3.00 to C$1.90 in a research note published on Monday, BayStreet.CA reports. CIBC currently has a neutral rating on the stock.
A number of other analysts also recently commented on the company. TD Securities reduced their price objective on ECN Capital from C$3.00 to C$2.75 and set a hold rating for the company in a research report on Friday, March 22nd. Royal Bank of Canada cut their price objective on ECN Capital from C$3.00 to C$2.25 and set a sector perform rating for the company in a report on Friday, March 22nd. Finally, National Bankshares dropped their price target on ECN Capital from C$2.75 to C$2.00 and set a sector perform rating for the company in a report on Friday, March 22nd. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, ECN Capital currently has an average rating of Hold and an average target price of C$2.45.
Check Out Our Latest Stock Report on ECN
ECN Capital Stock Performance
ECN Capital Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, April 19th. Investors of record on Friday, April 19th will be given a $0.01 dividend. The ex-dividend date of this dividend is Monday, April 8th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 2.09%. ECN Capital’s dividend payout ratio is -6.78%.
Insider Buying and Selling
In other news, Director Steven Kenneth Hudson purchased 200,000 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The stock was bought at an average price of C$1.89 per share, with a total value of C$377,400.00. 17.99% of the stock is owned by insiders.
ECN Capital Company Profile
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.
Featured Articles
- Five stocks we like better than ECN Capital
- How to Know Which Cryptocurrency to Buy: A Guide for Investors
- Best Bear Market Funds: Top 3 Investment Options to Consider
- What Is Dividend Yield and How Do You Calculate It?
- Is DraftKings A Good Bet Ahead of Q1 Earnings?
- Want to Profit on the Downtrend? Downtrends, Explained.
- Mid-Cap Stocks to Outperform the Market This Cycle
Receive News & Ratings for ECN Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ECN Capital and related companies with MarketBeat.com's FREE daily email newsletter.