ECN Capital Corp (TSE:ECN) was upgraded by CSFB from a “neutral” rating to an “outperform” rating in a research note issued to investors on Saturday. The firm currently has a C$4.75 price objective on the stock, up from their previous price objective of C$4.50. CSFB’s price objective points to a potential upside of 19.95% from the stock’s previous close.

Several other research firms have also weighed in on ECN. TD Securities lowered their price objective on shares of ECN Capital Corp from C$5.00 to C$4.75 and set a “buy” rating on the stock in a research note on Thursday, August 10th. Royal Bank Of Canada boosted their price objective on shares of ECN Capital Corp from C$4.50 to C$5.00 and gave the stock an “outperform” rating in a research note on Friday, June 9th. CIBC boosted their price objective on shares of ECN Capital Corp from C$4.50 to C$5.00 in a research note on Monday, June 12th. National Bank Financial boosted their price objective on shares of ECN Capital Corp from C$4.75 to C$5.00 and gave the stock an “outperform” rating in a research note on Friday, June 9th. Finally, Scotiabank boosted their price objective on shares of ECN Capital Corp from C$4.50 to C$5.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 9th. Ten research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average price target of C$4.81.

ECN Capital Corp (ECN) traded up 5.04% during midday trading on Friday, reaching $3.96. 3,751,613 shares of the company’s stock were exchanged. ECN Capital Corp has a 52 week low of $2.60 and a 52 week high of $4.05. The firm has a 50-day moving average price of $3.76 and a 200 day moving average price of $3.76. The company has a market cap of $1.54 billion and a price-to-earnings ratio of 5.52.

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In related news, insider Sandra Lorena Ceccacci purchased 40,000 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The shares were acquired at an average price of C$3.90 per share, for a total transaction of C$156,000.00. Also, Director Donna Elizabeth Toth purchased 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was bought at an average price of C$3.93 per share, for a total transaction of C$39,300.00. In the last quarter, insiders purchased 112,800 shares of company stock worth $438,130.

About ECN Capital Corp

ECN Capital Corp., an independent financial services company, originates, co-invests in, and manages asset based financing and related service programs in the United States, Canada, and internationally. The company operates through three segments: Rail Finance, Aviation Finance, and Commercial and Vendor Finance.

Analyst Recommendations for ECN Capital Corp (TSE:ECN)

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