CIBC Boosts ECN Capital (TSE:ECN) Price Target to C$2.50

ECN Capital (TSE:ECN) had its price objective raised by CIBC from C$2.25 to C$2.50 in a research report released on Friday morning,BayStreet.CA reports.

Several other brokerages have also issued reports on ECN. BMO Capital Markets boosted their target price on ECN Capital from C$2.00 to C$2.35 in a research report on Friday, August 9th. National Bankshares upped their price objective on ECN Capital from C$2.25 to C$2.50 in a research report on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of C$2.52.

ECN Capital Trading Up 23.6 %

Shares of TSE:ECN traded up C$0.56 during trading on Friday, reaching C$2.93. The company’s stock had a trading volume of 1,417,600 shares, compared to its average volume of 325,672. The firm’s 50 day simple moving average is C$2.16 and its two-hundred day simple moving average is C$1.97. The company has a current ratio of 10.77, a quick ratio of 3.81 and a debt-to-equity ratio of 383.08. ECN Capital has a 12 month low of C$1.60 and a 12 month high of C$3.10. The stock has a market capitalization of C$823.68 million, a PE ratio of -8.88, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35.

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

ECN Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Friday, December 13th. ECN Capital’s dividend payout ratio (DPR) is -12.12%.

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.