ECN Capital Corp. (TSE:ECN) Receives C$2.68 Average PT from Brokerages

Shares of ECN Capital Corp. (TSE:ECN) have earned a consensus rating of “Hold” from the five ratings firms that are covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$2.68.

A number of equities research analysts have recently issued reports on the company. National Bank Financial lowered ECN Capital from a “strong-buy” rating to a “hold” rating in a research report on Sunday, February 2nd. CIBC boosted their price objective on ECN Capital from C$2.50 to C$3.50 and gave the stock a “neutral” rating in a report on Thursday, January 30th. Finally, Cormark raised their target price 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.

ECN Capital Price Performance

TSE ECN opened at C$3.37 on Tuesday. ECN Capital has a 1 year low of C$1.60 and a 1 year high of C$3.52. The business’s fifty day moving average is C$3.18 and its two-hundred day moving average is C$2.59. The stock has a market capitalization of C$676.30 million, a P/E ratio of -15.06, a P/E/G ratio of 0.24 and a beta of 1.35. The company has a debt-to-equity ratio of 304.13, a quick ratio of 3.81 and a current ratio of 13.28.

ECN Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.19%. The ex-dividend date was Friday, December 13th. ECN Capital’s dividend payout ratio is currently -17.87%.

Insider Buying and Selling at ECN Capital

In related news, Director Steven Kenneth Hudson sold 20,300 shares of ECN Capital stock in a transaction on Monday, November 18th. The stock was sold at an average price of C$2.91, for a total transaction of C$59,012.10. Company insiders own 18.31% of the company’s stock.

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.