ECN Capital (TSE:ECN) Price Target Raised to C$3.50 at CIBC

ECN Capital (TSE:ECN) had its target price upped by stock analysts at CIBC from C$2.50 to C$3.50 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. CIBC’s price target would suggest a potential upside of 11.11% from the company’s current price.

Several other research analysts have also commented on the company. Cormark lifted their target price on 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. National Bank Financial raised shares of ECN Capital from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. Four investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, ECN Capital presently has a consensus rating of “Hold” and a consensus target price of C$2.68.

ECN Capital Stock Down 1.6 %

Shares of TSE:ECN opened at C$3.15 on Thursday. ECN Capital has a 12-month low of C$1.60 and a 12-month high of C$3.43. 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 has a market cap of C$885.53 million, a PE ratio of -9.55, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35. The company has a fifty day simple moving average of C$3.07 and a 200 day simple moving average of C$2.47.

ECN Capital (TSE:ECN) last issued its earnings results on Thursday, November 7th. The company reported C$0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. On average, equities research analysts anticipate that ECN Capital will post 0.2446449 EPS for the current fiscal year.

Insider Buying and Selling

In other ECN Capital news, Director Steven Kenneth Hudson sold 20,300 shares of the business’s 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 owned by company insiders.

About ECN Capital

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.