ECN Capital Corp. (TSE:ECN - Free Report) - Investment analysts at Cormark increased their FY2024 earnings estimates for shares of ECN Capital in a report released on Tuesday, November 12th. Cormark analyst J. Fenwick now expects that the company will earn $0.15 per share for the year, up from their prior forecast of $0.12. Cormark has a "Moderate Buy" rating and a $3.50 price objective on the stock. The consensus estimate for ECN Capital's current full-year earnings is $0.24 per share. Cormark also issued estimates for ECN Capital's FY2026 earnings at $0.36 EPS.
Several other brokerages have also weighed in on ECN. CIBC upped their target price on ECN Capital from C$2.25 to C$2.50 in a research report on Friday, November 8th. National Bank Financial raised shares of ECN Capital from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 8th. BMO Capital Markets boosted their target price on shares of ECN Capital from C$2.00 to C$2.35 in a research report on Friday, August 9th. Finally, National Bankshares raised their price target 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 assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of C$2.66.
Read Our Latest Analysis on ECN
ECN Capital Stock Down 2.7 %
Shares of TSE ECN traded down C$0.08 during mid-day trading on Thursday, reaching C$2.87. The company had a trading volume of 80,270 shares, compared to its average volume of 326,794. The company has a debt-to-equity ratio of 383.08, a quick ratio of 3.81 and a current ratio of 10.77. ECN Capital has a twelve month low of C$1.60 and a twelve month high of C$3.25. The stock's 50 day moving average is C$2.21 and its 200-day moving average is C$1.99. The stock has a market capitalization of C$806.81 million, a PE ratio of -8.94, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35.
ECN Capital Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.04 annualized dividend and a yield of 1.39%. ECN Capital's dividend payout ratio (DPR) is presently -12.12%.
About ECN Capital
(
Get Free Report)
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.
Recommended Stories
Before you consider ECN Capital, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ECN Capital wasn't on the list.
While ECN Capital currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Keep reading to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
