Analysts Set ECN Capital Corp. (TSE:ECN) PT at C$2.45

Shares of ECN Capital Corp. (TSE:ECN) have been assigned an average rating of “Hold” from the seven analysts that are currently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$2.45.

Several equities research analysts have recently issued reports on ECN shares. National Bankshares lowered their price objective on shares of ECN Capital from C$2.75 to C$2.00 and set a “sector perform” rating for the company in a research report on Friday, March 22nd. Royal Bank of Canada lowered their price objective on shares of ECN Capital from C$3.00 to C$2.25 and set a “sector perform” rating for the company in a research report on Friday, March 22nd. CIBC lowered their price objective on shares of ECN Capital from C$3.00 to C$1.90 and set a “neutral” rating for the company in a research report on Monday, March 25th. TD Securities lowered their price objective on shares of ECN Capital from C$3.00 to C$2.75 and set a “hold” rating for the company in a research report on Friday, March 22nd. Finally, BMO Capital Markets lowered their price objective on shares of ECN Capital from C$2.60 to C$2.00 in a research report on Tuesday, March 26th.

ECN Capital Price Performance

Shares of TSE:ECN opened at C$1.72 on Wednesday. ECN Capital has a 52 week low of C$1.60 and a 52 week high of C$3.38. The company has a debt-to-equity ratio of 447.65, a quick ratio of 3.81 and a current ratio of 11.69. The company has a market capitalization of C$481.51 million, a PE ratio of -2.87, a PEG ratio of 0.24 and a beta of 1.22. The company has a 50 day moving average price of C$2.31 and a two-hundred day moving average price of C$2.44.

ECN Capital (TSE:ECN) last issued its earnings results on Thursday, March 21st. The company reported C($0.07) EPS for the quarter, missing the consensus estimate of C($0.01) by C($0.06). ECN Capital had a negative net margin of 134.34% and a negative return on equity of 52.97%. The firm had revenue of C$34.84 million during the quarter, compared to the consensus estimate of C$56.43 million. Analysts forecast that ECN Capital will post 0.1698944 earnings per share for the current year.

ECN Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 19th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend was Monday, April 8th. ECN Capital’s payout ratio is -6.67%.

Insider Buying and Selling

In other news, Director William Wayne Lovatt purchased 200,000 shares of the business’s stock in a transaction on Monday, March 25th. The stock was purchased at an average price of C$1.71 per share, for a total transaction of C$342,000.00. Over the last 90 days, insiders acquired 400,100 shares of company stock worth $721,019. 18.42% 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.