ECN Capital Corp. (TSE:ECN) Receives C$2.52 Consensus Price Target from Brokerages

Shares of ECN Capital Corp. (TSE:ECN - Get Free Report) have been given an average rating of "Hold" by the five research firms that are covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$2.52.

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

ECN Capital Stock Performance

Shares of ECN Capital stock remained flat at C$3.18 during midday trading on Friday. 55,748 shares of the company were exchanged, compared to its average volume of 156,584. The company has a quick ratio of 3.81, a current ratio of 10.77 and a debt-to-equity ratio of 383.08. The company's fifty day moving average is C$3.00 and its two-hundred day moving average is C$2.37. ECN Capital has a fifty-two week low of C$1.60 and a fifty-two week high of C$3.43. The firm has a market cap of C$893.96 million, a P/E ratio of -9.64, 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 was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were issued a $0.01 dividend. The ex-dividend date was Friday, December 13th. This represents a $0.04 annualized dividend and a yield of 1.26%. ECN Capital's dividend payout ratio (DPR) is presently -12.12%.

Insider Activity

In other news, Director Steven Kenneth Hudson sold 100,000 shares of the firm's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of C$2.92, for a total transaction of C$292,300.00. 18.31% of the stock is owned by company insiders.

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.