ECN Capital Corp (ECN) Receives Average Recommendation of “Buy” from Brokerages
Shares of ECN Capital Corp (TSE:ECN) have been given an average recommendation of “Buy” by the seven brokerages that are currently covering the company, MarketBeat reports. Five analysts have rated the stock with a buy rating. The average 1 year target price among brokers that have covered the stock in the last year is C$5.00.
Several research analysts have recently issued reports on the company. Scotiabank increased their target price on ECN Capital from C$4.50 to C$5.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 9th. TD Securities increased their target price on ECN Capital from C$4.75 to C$5.00 and gave the stock a “buy” rating in a research report on Monday, October 16th. CSFB increased their target price on ECN Capital from C$4.75 to C$5.00 and gave the stock an “outperform” rating in a research report on Thursday, October 26th. Finally, Raymond James Financial, Inc. increased their target price on ECN Capital from C$4.75 to C$5.00 in a research report on Thursday, October 26th.
In related news, Director Paul James Stoyan sold 35,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of C$3.80, for a total transaction of C$133,000.00.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Thursday, December 28th. ECN Capital’s dividend payout ratio (DPR) is presently -30.77%.
ECN Capital 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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