TD Securities Cuts ECN Capital (TSE:ECN) Price Target to C$2.00

ECN Capital (TSE:ECN) had its price target decreased by TD Securities from C$2.75 to C$2.00 in a research note issued to investors on Friday morning, BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

ECN has been the subject of several other research reports. Royal Bank of Canada cut their price objective on ECN Capital from C$3.00 to C$2.25 and set a sector perform rating for the company in a research report on Friday, March 22nd. CIBC reduced their price objective on shares of ECN Capital from C$3.00 to C$1.90 and set a neutral rating for the company in a research note on Monday, March 25th. BMO Capital Markets lowered their target price on shares of ECN Capital from C$2.60 to C$2.00 in a research report on Tuesday, March 26th. Finally, 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 for the company in a research report on Friday, March 22nd. Six analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, ECN Capital presently has a consensus rating of Hold and a consensus price target of C$2.34.

ECN Capital Stock Performance

TSE ECN opened at C$1.80 on Friday. The company has a quick ratio of 3.81, a current ratio of 11.69 and a debt-to-equity ratio of 447.65. The stock has a market capitalization of C$503.91 million, a P/E ratio of -2.95, a P/E/G ratio of 0.24 and a beta of 1.22. ECN Capital has a 52-week low of C$1.60 and a 52-week high of C$3.26. The firm has a 50-day moving average price of C$2.12 and a 200 day moving average price of C$2.40.

ECN Capital (TSE:ECN) last released its earnings results on Thursday, March 21st. The company reported C($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.01) by C($0.06). The business had revenue of C$34.84 million for the quarter, compared to analyst estimates of C$56.43 million. ECN Capital had a negative return on equity of 52.97% and a negative net margin of 134.34%. Equities research analysts expect that ECN Capital will post 0.1720841 EPS for the current year.

ECN Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 19th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, April 8th. This represents a $0.04 annualized dividend and a dividend yield of 2.22%. ECN Capital’s dividend payout ratio is currently -6.56%.

Insider Activity at ECN Capital

In related news, Director Steven Kenneth Hudson acquired 200,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The stock was purchased at an average price of C$1.89 per share, for a total transaction of C$377,400.00. In the last 90 days, insiders have purchased 400,100 shares of company stock valued at $721,019. 18.43% of the stock is owned by corporate 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.