ECN Capital Corp. (TSE:ECN) Receives C$2.52 Average PT from Brokerages

Shares of ECN Capital Corp. (TSE:ECN - Get Free Report) have earned an average rating of "Hold" from the five ratings firms that are covering the company, Marketbeat 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 objective among brokers that have covered the stock in the last year is C$2.52.

Several brokerages have weighed in on ECN. CIBC lifted their price target on shares of ECN Capital from C$2.25 to C$2.50 in a report on Friday, November 8th. Cormark lifted their price target on shares of ECN Capital from C$2.25 to C$3.50 and gave the company a "moderate buy" rating in a report on Tuesday, November 12th. National Bank Financial raised shares of ECN Capital from a "hold" rating to a "strong-buy" rating in a report on Friday, November 8th. BMO Capital Markets lifted their price target on shares of ECN Capital from C$2.00 to C$2.35 in a report on Friday, August 9th. Finally, National Bankshares lifted their price target on shares of ECN Capital from C$2.25 to C$2.50 in a report on Thursday, August 8th.

Insider Activity

In related news, Director Steven Kenneth Hudson sold 100,000 shares of the business's stock in a transaction on Friday, November 15th. The shares were sold at an average price of C$2.92, for a total value of C$292,300.00. Company insiders own 18.31% of the company's stock.

ECN Capital Stock Performance

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 stock has a market capitalization of C$781.51 million, a P/E ratio of -8.55, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35. The business has a 50-day simple moving average of C$2.38 and a 200 day simple moving average of C$2.07. ECN Capital has a 1-year low of C$1.60 and a 1-year high of C$3.25.

ECN Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of ∞. The ex-dividend date of this dividend is Friday, December 13th. ECN Capital's payout ratio is currently -12.12%.

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.