ECN Capital Corp. (TSE:ECN) Receives C$2.52 Average PT from Brokerages

ECN Capital Corp. (TSE:ECN) has received an average rating of “Hold” from the five brokerages that are covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$2.52.

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

ECN Capital Stock Up 1.1 %

ECN Capital stock opened at C$2.81 on Thursday. The company has a debt-to-equity ratio of 383.08, a current ratio of 10.77 and a quick ratio of 3.81. ECN Capital has a fifty-two week low of C$1.60 and a fifty-two week high of C$3.25. The firm has a fifty day moving average price of C$2.39 and a two-hundred day moving average price of C$2.08. The firm has a market cap of C$789.95 million, a price-to-earnings ratio of -8.52, a P/E/G ratio of 0.24 and a beta of 1.35.

ECN Capital Dividend Announcement

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

Insider Activity at ECN Capital

In related news, Director Steven Kenneth Hudson sold 20,300 shares of the firm’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 currently owned by insiders.

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.