ECN Capital Corp. (TSE:ECN) Receives Consensus Recommendation of “Hold” from Analysts

Shares of ECN Capital Corp. (TSE:ECN) have been given a consensus rating of “Hold” by the five research firms that are currently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$2.48.

Several equities analysts have issued reports on ECN shares. BMO Capital Markets lifted 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 boosted their target price on ECN Capital from C$2.25 to C$2.50 in a research note on Thursday, August 8th. Finally, CIBC increased their price target on ECN Capital from C$2.00 to C$2.25 in a research note on Thursday, August 8th.

ECN Capital Price Performance

Shares of ECN stock opened at C$2.23 on Friday. The stock’s 50-day moving average is C$2.14 and its 200 day moving average is C$1.95. ECN Capital has a 1-year low of C$1.60 and a 1-year 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$626.90 million, a P/E ratio of -6.76, a PEG ratio of 0.24 and a beta of 1.35.

ECN Capital (TSE:ECN) last released its quarterly earnings results on Wednesday, August 7th. The company reported C$0.04 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.04. The business had revenue of C$79.37 million for the quarter, compared to analysts’ expectations of C$75.42 million. ECN Capital had a negative net margin of 55.01% and a negative return on equity of 33.69%. Research analysts predict that ECN Capital will post 0.2446449 earnings per share for the current fiscal year.

ECN Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, October 1st were paid a dividend of $0.01 per share. The ex-dividend date was Friday, September 13th. This represents a $0.04 annualized dividend and a yield of 1.79%. ECN Capital’s payout ratio is presently -12.12%.

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.