Analysts Set ECN Capital Corp. (TSE:ECN) PT at C$2.52

Shares of ECN Capital Corp. (TSE:ECN) have earned an average rating of “Hold” from the five brokerages that are covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$2.52.

Several research firms have recently commented on ECN. Cormark boosted their target price on shares of ECN Capital from C$2.25 to C$3.50 and gave the stock a “moderate buy” rating in a report on Tuesday, November 12th. CIBC increased their price objective on shares of ECN Capital from C$2.25 to C$2.50 in a report on Friday, November 8th. Finally, National Bank Financial raised ECN Capital from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th.

Insider Buying and Selling at ECN Capital

In other ECN Capital news, Director Steven Kenneth Hudson sold 20,300 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of C$2.91, for a total transaction of C$59,012.10. Company insiders own 18.31% of the company’s stock.

ECN Capital Price Performance

TSE ECN opened at C$3.13 on Monday. ECN Capital has a 12 month low of C$1.60 and a 12 month high of C$3.25. The company has a current ratio of 10.77, a quick ratio of 3.81 and a debt-to-equity ratio of 383.08. The stock has a market cap of C$879.91 million, a PE ratio of -9.48, a P/E/G ratio of 0.24 and a beta of 1.35. The stock’s 50 day moving average is C$2.71 and its 200 day moving average is C$2.23.

ECN Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend is Friday, December 13th. ECN Capital’s payout ratio 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.