Brokers Offer Predictions for ECN Capital Corp’s FY2018 Earnings (ECN)
ECN Capital Corp (TSE:ECN) – Stock analysts at National Bank Financial cut their FY2018 earnings estimates for shares of ECN Capital Corp in a research note issued to investors on Monday. National Bank Financial analyst J. Gloyn now anticipates that the company will post earnings of $0.20 per share for the year, down from their previous estimate of $0.27.
ECN has been the subject of several other research reports. Scotiabank upped their price target on shares of ECN Capital Corp from C$4.50 to C$5.00 and gave the company an “outperform” rating in a research report on Wednesday, August 9th. TD Securities upped their price target on shares of ECN Capital Corp from C$4.75 to C$5.00 and gave the company a “buy” rating in a research report on Monday, October 16th. CSFB upped their price target on shares of ECN Capital Corp from C$4.75 to C$5.00 and gave the company an “outperform” rating in a research report on Thursday, October 26th. Finally, Raymond James Financial, Inc. upped their price target on shares of ECN Capital Corp from C$4.75 to C$5.00 in a research report on Thursday, October 26th. Six equities research analysts have rated the stock with a buy rating, ECN Capital Corp currently has an average rating of “Buy” and a consensus price target of C$5.00.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.04 dividend on an annualized basis and a yield of 0.95%.
In other news, insider Sandra Lorena Ceccacci acquired 40,000 shares of the business’s stock in a transaction on Friday, August 11th. The stock was bought at an average price of C$3.90 per share, for a total transaction of C$156,000.00. Also, Director Donna Elizabeth Toth acquired 15,000 shares of the business’s stock in a transaction on Wednesday, August 16th. The shares were purchased at an average price of C$3.92 per share, with a total value of C$58,800.00. In the last 90 days, insiders have acquired 112,800 shares of company stock valued at $438,130.
ECN Capital Corp Company Profile
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.
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