CIBC Forecasts Strong Price Appreciation for ECN Capital (TSE:ECN) Stock

ECN Capital (TSE:ECN) had its target price hoisted by equities researchers at CIBC from C$2.25 to C$2.50 in a note issued to investors on Friday,BayStreet.CA reports. CIBC’s price objective indicates a potential downside of 14.68% from the company’s previous close.

ECN has been the subject of several other reports. BMO Capital Markets increased their price objective on ECN Capital from C$2.00 to C$2.35 in a research note on Friday, August 9th. National Bankshares increased their target price on shares of ECN Capital from C$2.25 to C$2.50 in a research report on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$2.52.

ECN Capital Stock Performance

TSE:ECN opened at C$2.93 on Friday. ECN Capital has a fifty-two week low of C$1.60 and a fifty-two week high of C$3.10. The company has a debt-to-equity ratio of 383.08, a quick ratio of 3.81 and a current ratio of 10.77. The company has a fifty day moving average of C$2.16 and a two-hundred day moving average of C$1.97. The stock has a market capitalization of C$823.68 million, a PE ratio of -8.88, a P/E/G ratio of 0.24 and a beta of 1.35.

ECN Capital (TSE:ECN) last posted its quarterly earnings data on Wednesday, August 7th. The company reported C$0.04 EPS for the quarter, hitting the consensus estimate of C$0.04. The company had revenue of C$79.37 million during the quarter, compared to analyst estimates of C$75.42 million. ECN Capital had a negative return on equity of 33.69% and a negative net margin of 55.01%. As a group, research analysts forecast that ECN Capital will post 0.2446449 earnings per share for the current fiscal year.

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.