ECN Capital Corp. (TSE:ECN – Get Free Report) shares reached a new 52-week high on Friday after CIBC raised their price target on the stock from C$2.25 to C$2.50. The stock traded as high as C$19.35 and last traded at C$2.82, with a volume of 902072 shares changing hands. The stock had previously closed at C$2.37.
Other equities research analysts also recently issued reports about the stock. National Bankshares lifted their price target on shares of ECN Capital from C$2.25 to C$2.50 in a research note on Thursday, August 8th. BMO Capital Markets lifted their price target on shares of ECN Capital from C$2.00 to C$2.35 in a research note on Friday, August 9th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$2.52.
View Our Latest Research Report on ECN
ECN Capital Trading Up 23.6 %
ECN Capital (TSE:ECN – Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The company reported C$0.04 earnings per share for the quarter, hitting the consensus estimate of C$0.04. ECN Capital had a negative net margin of 55.01% and a negative return on equity of 33.69%. The business had revenue of C$79.37 million for the quarter, compared to analysts’ expectations of C$75.42 million. On average, equities analysts predict that ECN Capital Corp. will post 0.2446449 EPS for the current fiscal year.
ECN Capital Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, October 1st were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.37%. The ex-dividend date was Friday, September 13th. ECN Capital’s dividend payout ratio (DPR) is presently -12.12%.
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.
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