National Bank Financial upgraded shares of ECN Capital (TSE:ECN - Free Report) from a hold rating to a strong-buy rating in a report published on Friday morning,Zacks.com reports.
A number of other equities analysts have also recently weighed in on the company. BMO Capital Markets boosted their price target on ECN Capital from C$2.00 to C$2.35 in a report on Friday, August 9th. National Bankshares boosted their price target on ECN Capital from C$2.25 to C$2.50 in a research report on Thursday, August 8th. Finally, CIBC upped their target price on ECN Capital from C$2.25 to C$2.50 in a research report on Friday. Five analysts have rated the stock with a hold rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of C$2.52.
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ECN Capital Price Performance
ECN stock traded down C$0.04 during midday trading on Friday, hitting C$2.96. 273,365 shares of the stock were exchanged, compared to its average volume of 327,386. The stock's 50-day moving average price is C$2.18 and its 200-day moving average price is C$1.98. The stock has a market cap of C$832.12 million, a price-to-earnings ratio of -9.09, a PEG ratio of 0.24 and a beta of 1.35. ECN Capital has a fifty-two week low of C$1.60 and a fifty-two week 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.
ECN Capital Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Friday, December 13th. ECN Capital's dividend payout ratio (DPR) is -12.12%.
About ECN Capital
(
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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.
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