Analysts Set ECN Capital Corp. (TSE:ECN) PT at C$2.52

Shares of ECN Capital Corp. (TSE:ECN) have earned an average recommendation of “Hold” from the five ratings firms that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$2.52.

ECN has been the topic of a number of recent research reports. Cormark lifted their price target on shares of ECN Capital from C$2.25 to C$3.50 and gave the company a “moderate buy” rating in a research report on Tuesday, November 12th. BMO Capital Markets upped their price target on shares of ECN Capital from C$2.00 to C$2.35 in a research report on Friday, August 9th. National Bank Financial raised ECN Capital from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. CIBC boosted their price objective on ECN Capital from C$2.25 to C$2.50 in a research note on Friday, November 8th. Finally, National Bankshares raised their target price on ECN Capital from C$2.25 to C$2.50 in a report on Thursday, August 8th.

ECN Capital Stock Up 1.1 %

Shares of TSE ECN opened at C$2.81 on Thursday. The stock has a market capitalization of C$789.95 million, a PE ratio of -8.52, a P/E/G ratio of 0.24 and a beta of 1.35. 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 has a fifty day moving average of C$2.39 and a 200-day moving average of C$2.08. ECN Capital has a 52-week low of C$1.60 and a 52-week high of C$3.25.

ECN Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.42%. The ex-dividend date is Friday, December 13th. ECN Capital’s dividend payout ratio is currently -12.12%.

Insider Buying and Selling at ECN Capital

In other news, Director Steven Kenneth Hudson sold 20,300 shares of the company’s stock in a transaction that occurred 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. 18.31% of the stock is owned by insiders.

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.