ECN Capital (TSE:ECN) Given New C$2.50 Price Target at CIBC

by · The Markets Daily

ECN Capital (TSE:ECN – Free Report) had its price target increased by CIBC from C$2.25 to C$2.50 in a research report report published on Friday,BayStreet.CA reports.

Several other analysts have also issued reports on ECN. National Bankshares boosted their price target on shares of ECN Capital from C$2.25 to C$2.50 in a research report on Thursday, August 8th. BMO Capital Markets lifted their price target on ECN Capital from C$2.00 to C$2.35 in a research report on Friday, August 9th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, ECN Capital currently has a consensus rating of “Hold” and a consensus target price of C$2.52.

Read Our Latest Stock Analysis on ECN

ECN Capital Stock Up 23.6 %

Shares of ECN stock traded up C$0.56 during trading hours on Friday, reaching C$2.93. The company had a trading volume of 1,417,600 shares, compared to its average volume of 325,672. ECN Capital has a 12 month low of C$1.60 and a 12 month 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 company has a market cap of C$823.68 million, a price-to-earnings ratio of -8.88, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35. The business has a fifty day simple moving average of C$2.16 and a 200-day simple moving average of C$1.97.

ECN Capital (TSE:ECN – Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported C$0.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.04. The firm had revenue of C$79.37 million during the quarter, compared to the consensus estimate of C$75.42 million. ECN Capital had a negative return on equity of 33.69% and a negative net margin of 55.01%. On average, research analysts expect that ECN Capital will post 0.2446449 earnings per share for the current fiscal year.

ECN Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid 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 dividend yield of 1.37%. ECN Capital’s dividend payout ratio is currently -12.12%.

ECN Capital Company Profile

(Get Free Report)

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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