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

Shares of ECN Capital Corp. (TSE:ECN) have earned an average recommendation of “Hold” from the five analysts that are covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$2.52.

ECN has been the subject of a number of analyst reports. CIBC raised their price objective on ECN Capital from C$2.25 to C$2.50 in a research report on Friday, November 8th. Cormark raised their price target on shares of ECN Capital from C$2.25 to C$3.50 and gave the stock a “moderate buy” rating in a 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 Buying and Selling at ECN Capital

In other news, Director Steven Kenneth Hudson sold 100,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of C$2.92, for a total value of C$292,300.00. Insiders own 18.31% of the company’s stock.

ECN Capital Stock Up 0.6 %

Shares of TSE:ECN opened at C$3.13 on Monday. The business has a fifty day simple moving average of C$2.65 and a 200 day simple moving average of C$2.20. ECN Capital has a 12-month low of C$1.60 and a 12-month high of C$3.25. The firm has a market cap of C$879.91 million, a P/E ratio of -9.48, a P/E/G ratio of 0.24 and a beta of 1.35. The company has a quick ratio of 3.81, a current ratio of 10.77 and a debt-to-equity ratio of 383.08.

ECN Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st will be issued a $0.01 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.04 dividend on an annualized basis and a yield of 1.28%. ECN Capital’s payout ratio is currently -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.