ECN Capital (TSE:ECN) Stock Price Expected to Rise, Cormark Analyst Says

ECN Capital (TSE:ECN) had its price objective increased by investment analysts at Cormark from C$2.25 to C$3.50 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. Cormark’s price target points to a potential upside of 18.64% from the company’s current price.

ECN has been the topic of a number of other reports. National Bank Financial raised shares of ECN Capital from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. BMO Capital Markets increased their price target on shares of ECN Capital from C$2.00 to C$2.35 in a report on Friday, August 9th. National Bankshares increased their price target on shares of ECN Capital from C$2.25 to C$2.50 in a report on Thursday, August 8th. Finally, CIBC upped their price objective on shares of ECN Capital from C$2.25 to C$2.50 in a research report on Friday, November 8th. Five investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat, ECN Capital has an average rating of “Hold” and an average target price of C$2.66.

ECN Capital Price Performance

TSE ECN opened at C$2.95 on Tuesday. The company has a market cap of C$829.30 million, a PE ratio of -9.00, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35. ECN Capital has a 52 week low of C$1.60 and a 52 week high of C$3.25. The company has a quick ratio of 3.81, a current ratio of 10.77 and a debt-to-equity ratio of 383.08. The firm’s 50-day simple moving average is C$2.20 and its two-hundred day simple moving average is C$1.99.

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.