Brokerages Set ECN Capital Corp. (TSE:ECN) PT at C$2.68

Shares of ECN Capital Corp. (TSE:ECN) have received an average recommendation of “Hold” from the five analysts that are covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$2.68.

ECN has been the subject of a number of analyst reports. Cormark boosted their price target 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 cut ECN Capital from a “strong-buy” rating to a “hold” rating in a research report on Sunday, February 2nd. Finally, CIBC increased their price target on ECN Capital from C$2.50 to C$3.50 and gave the company a “neutral” rating in a report on Thursday, January 30th.

Insider Transactions at ECN Capital

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

ECN Capital Price Performance

ECN stock opened at C$3.37 on Tuesday. The firm has a market cap of C$676.30 million, a PE ratio of -15.06, a PEG ratio of 0.24 and a beta of 1.35. ECN Capital has a 1 year low of C$1.60 and a 1 year high of C$3.52. The company has a fifty day simple moving average of C$3.18 and a 200 day simple moving average of C$2.59. The company has a current ratio of 13.28, a quick ratio of 3.81 and a debt-to-equity ratio of 304.13.

ECN Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.01 per share. The ex-dividend date was Friday, December 13th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.19%. ECN Capital’s dividend payout ratio (DPR) is presently -17.87%.

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.