CIBC Boosts ECN Capital Corp (ECN) Price Target to C$5.00
ECN Capital Corp (TSE:ECN) had its target price raised by research analysts at CIBC from C$4.50 to C$5.00 in a report released on Monday. CIBC’s price target would suggest a potential upside of 32.63% from the company’s current price.
ECN has been the subject of a number of other reports. Scotiabank boosted their target price on shares of ECN Capital Corp from C$4.25 to C$4.60 and gave the company an “outperform” rating in a research note on Wednesday, February 22nd. Raymond James Financial, Inc. reissued an “outperform” rating and set a C$4.40 target price on shares of ECN Capital Corp in a research note on Monday, March 20th. National Bank Financial boosted their target price on shares of ECN Capital Corp from C$4.75 to C$5.00 and gave the company an “outperform” rating in a research note on Friday. Royal Bank Of Canada boosted their target price on shares of ECN Capital Corp from C$4.25 to C$4.50 and gave the company an “outperform” rating in a research note on Wednesday, February 22nd. Finally, TD Securities reduced their target price on shares of ECN Capital Corp from C$4.60 to C$4.50 and set an “outperform” rating for the company in a research note on Friday, May 12th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of C$4.66.
ECN Capital Corp (TSE ECN) traded down 0.52% on Monday, reaching $3.82. 1,273,560 shares of the company traded hands. ECN Capital Corp has a 12 month low of $2.60 and a 12 month high of $3.93. The company has a market capitalization of $1.48 billion and a P/E ratio of 5.24. The company has a 50-day moving average price of $3.69 and a 200-day moving average price of $3.41.
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In related news, Director Pierre Lortie purchased 2,000 shares of the company’s stock in a transaction on Thursday, May 25th. The shares were bought at an average cost of C$25.00 per share, for a total transaction of C$50,000.00. Also, Director William Wayne Lovatt purchased 100,000 shares of the company’s stock in a transaction on Thursday, March 23rd. The shares were bought at an average price of C$3.42 per share, for a total transaction of C$342,000.00. Insiders have acquired a total of 717,178 shares of company stock worth $2,740,481 over the last 90 days.
ECN Capital Corp Company Profile
ECN Capital Corp is a Canada-based independent commercial finance company. The Company operates across North America in the following verticals of the commercial finance market: Rail Finance, Commercial and Vendor (C&V) Finance, and Commercial Aviation Finance. Through its C&V vertical, the Company provides financing and leasing solutions to manufacturers, dealers, distributors and end-users of capital equipment across a range of industries such as food service, transportation, construction, manufacturing, healthcare, office equipment and technology products.
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