Brokerages Set ECN Capital Corp. (TSE:ECN) Target Price at C$2.52

ECN Capital Corp. (TSE:ECN - Get Free Report) has earned a consensus rating of "Hold" from the five brokerages that are currently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$2.52.

A number of equities research analysts have recently issued reports on the company. CIBC upped their price objective on ECN Capital from C$2.25 to C$2.50 in a research note 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. Finally, Cormark lifted their price objective on shares of ECN Capital from C$2.25 to C$3.50 and gave the company a "moderate buy" rating in a research report on Tuesday, November 12th.

ECN Capital Stock Down 0.3 %

ECN traded down C$0.01 on Monday, hitting C$3.11. 423,977 shares of the company were exchanged, compared to its average volume of 327,172. The stock's fifty day moving average is C$2.61 and its 200-day moving average is C$2.18. ECN Capital has a 12 month low of C$1.60 and a 12 month high of C$3.25. 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 company has a market cap of C$874.28 million, a PE ratio of -9.42, a PEG ratio of 0.24 and a beta of 1.35.

ECN Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend is Friday, December 13th. ECN Capital's dividend payout ratio is presently -12.12%.

Insider Activity at ECN Capital

In other news, Director Steven Kenneth Hudson sold 100,000 shares of the business's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of C$2.92, for a total value 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.