National Bank Financial upgraded shares of ECN Capital (TSE:ECN – Free Report) from a hold rating to a strong-buy rating in a report released on Friday morning,Zacks.com reports.
ECN has been the subject of a number of other research reports. BMO Capital Markets lifted their price objective on shares of ECN Capital from C$2.00 to C$2.35 in a research report on Friday, August 9th. CIBC lifted their target price on shares of ECN Capital from C$2.25 to C$2.50 in a report on Friday. Finally, National Bankshares lifted their target price on shares of ECN Capital from C$2.25 to C$2.50 in a report on Thursday, August 8th. Five analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, ECN Capital currently has a consensus rating of “Hold” and a consensus price target of C$2.52.
Read Our Latest Research Report on ECN Capital
ECN Capital Stock Performance
ECN Capital Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 1.33%. The ex-dividend date is Friday, December 13th. 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.
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