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

Shares of ECN Capital Corp. (TSE:ECN) have been given a consensus rating of “Hold” by the five analysts that are covering the firm, Marketbeat Ratings reports. Four investment 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 brokers that have issued a report on the stock in the last year is C$2.52.

A number of equities research analysts recently weighed in on the company. CIBC raised their price objective on ECN Capital from C$2.25 to C$2.50 in a research report on Friday, November 8th. Cormark raised 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 report on Tuesday, November 12th. Finally, National Bank Financial upgraded shares of ECN Capital from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th.

ECN Capital Price Performance

Shares of TSE ECN opened at C$3.13 on Monday. ECN Capital has a 12-month low of C$1.60 and a 12-month high of C$3.25. The stock’s fifty day simple moving average is C$2.71 and its two-hundred day simple moving average is C$2.23. The stock has a market capitalization of C$879.91 million, a PE ratio of -9.48, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Friday, December 13th. ECN Capital’s payout ratio is currently -12.12%.

Insider Buying and Selling

In related news, Director Steven Kenneth Hudson sold 20,300 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of C$2.91, for a total value of C$59,012.10. 18.31% of the stock is owned by company 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.