ECN Capital Corp. (TSE:ECN) Receives C$2.45 Average Target Price from Analysts

ECN Capital Corp. (TSE:ECN) has been assigned an average rating of “Hold” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is C$2.45.

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

Insider Activity at ECN Capital

In related news, Director Steven Kenneth Hudson acquired 200,000 shares of the stock in a transaction that occurred on Wednesday, March 27th. The shares were acquired at an average price of C$1.89 per share, for a total transaction of C$377,400.00. Insiders have purchased 400,100 shares of company stock worth $721,019 over the last quarter. 18.42% of the stock is currently owned by company insiders.

ECN Capital Stock Performance

TSE:ECN opened at C$1.72 on Wednesday. The company has a debt-to-equity ratio of 447.65, a current ratio of 11.69 and a quick ratio of 3.81. The firm has a 50-day moving average of C$2.31 and a two-hundred day moving average of C$2.44. The stock has a market cap of C$481.51 million, a P/E ratio of -2.87, a PEG ratio of 0.24 and a beta of 1.22. ECN Capital has a 1-year low of C$1.60 and a 1-year high of C$3.38.

ECN Capital (TSE:ECN) last posted its quarterly earnings data on Thursday, March 21st. The company reported C($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.06). The firm had revenue of C$34.84 million during the quarter, compared to analysts’ expectations of C$56.43 million. ECN Capital had a negative net margin of 134.34% and a negative return on equity of 52.97%. On average, research analysts expect that ECN Capital will post 0.1698944 earnings per share for the current fiscal year.

ECN Capital Dividend Announcement

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

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.