ECN Capital Corp. (TSE:ECN) Given Consensus Recommendation of “Hold” by Analysts

Shares of ECN Capital Corp. (TSE:ECN) have received an average recommendation of “Hold” from the five analysts that are presently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$2.52.

ECN has been the topic of a number of analyst reports. National Bankshares lifted their price target on ECN Capital from C$2.25 to C$2.50 in a research note on Thursday, August 8th. BMO Capital Markets lifted their price target on ECN Capital from C$2.00 to C$2.35 in a research note on Friday, August 9th. CIBC lifted their price target on ECN Capital from C$2.25 to C$2.50 in a research note on Friday, November 8th. Cormark lifted their price target on ECN Capital from C$2.25 to C$3.50 and gave the company a “moderate buy” rating in a research note on Tuesday, November 12th. Finally, National Bank Financial upgraded ECN Capital from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th.

Insider Activity at ECN Capital

In related news, Director Steven Kenneth Hudson sold 100,000 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of C$2.92, for a total value of C$292,300.00. Insiders own 18.31% of the company’s stock.

ECN Capital Trading Up 0.4 %

Shares of ECN stock opened at C$2.82 on Thursday. The business’s 50 day moving average is C$2.36 and its two-hundred day moving average is C$2.06. ECN Capital has a twelve month low of C$1.60 and a twelve month high of C$3.25. The company has a market capitalization of C$792.76 million, a P/E ratio of -8.55, 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 declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a $0.01 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.42%. 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.