Brokerages Set ECN Capital Corp. (TSE:ECN) Target Price at C$2.48

ECN Capital Corp. (TSE:ECN) has been assigned a consensus recommendation of “Hold” from the five ratings firms that are presently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$2.48.

Several brokerages have weighed in on ECN. BMO Capital Markets boosted their price objective on ECN Capital from C$2.00 to C$2.35 in a research note on Friday, August 9th. National Bankshares increased their price target on ECN Capital from C$2.25 to C$2.50 in a report on Thursday, August 8th. Finally, CIBC lifted their price objective on shares of ECN Capital from C$2.00 to C$2.25 in a research note on Thursday, August 8th.

ECN Capital Stock Up 0.5 %

Shares of ECN opened at C$2.19 on Friday. The business’s 50 day simple moving average is C$2.14 and its 200-day simple moving average is C$1.95. ECN Capital has a 1 year low of C$1.60 and a 1 year high of C$3.10. The company has a debt-to-equity ratio of 383.08, a current ratio of 10.77 and a quick ratio of 3.81. The stock has a market capitalization of C$615.65 million, a price-to-earnings ratio of -6.64, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35.

ECN Capital (TSE:ECN) last posted its earnings results on Wednesday, August 7th. The company reported C$0.04 earnings per share for the quarter, hitting analysts’ consensus estimates of C$0.04. The firm had revenue of C$79.37 million for the quarter, compared to the consensus estimate of C$75.42 million. ECN Capital had a negative net margin of 55.01% and a negative return on equity of 33.69%. As a group, equities analysts expect that ECN Capital will post 0.2446449 earnings per share for the current fiscal year.

ECN Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, October 1st were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend was Friday, September 13th. ECN Capital’s dividend payout ratio is presently -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.