Brokerages Set ECN Capital Corp. (TSE:ECN) Target Price at C$2.52

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

Several brokerages have recently weighed in on ECN. 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 increased their price objective on shares of 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, CIBC increased their price objective on shares of ECN Capital from C$2.25 to C$2.50 in a research report on Friday, November 8th.

ECN Capital Stock Performance

TSE ECN opened at C$3.20 on Friday. The company has a current ratio of 10.77, a quick ratio of 3.81 and a debt-to-equity ratio of 383.08. The firm’s fifty day moving average price is C$3.03 and its two-hundred day moving average price is C$2.41. ECN Capital has a 1 year low of C$1.60 and a 1 year high of C$3.43. The firm has a market capitalization of C$899.58 million, a P/E ratio of -9.70, a price-to-earnings-growth 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 earnings per share for the quarter, beating the consensus estimate of C$0.05 by C$0.02. ECN Capital had a negative net margin of 55.01% and a negative return on equity of 33.69%. As a group, research analysts anticipate that ECN Capital will post 0.2446449 EPS for the current year.

ECN Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were paid a $0.01 dividend. 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 dividend payout ratio (DPR) is presently -12.12%.

Insider Activity at ECN Capital

In other ECN Capital news, Director Steven Kenneth Hudson sold 20,300 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of C$2.91, for a total transaction of C$59,012.10. 18.31% of the stock is currently owned by corporate 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 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.