ECN Capital Corp (ECN) Given Average Rating of “Buy” by Analysts

ECN Capital Corp (TSE:ECN) has been given an average rating of “Buy” by the seven research firms that are currently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy rating. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$4.86.

A number of analysts have recently weighed in on the company. Raymond James Financial set a C$5.00 price objective on ECN Capital and gave the company an “outperform” rating in a research note on Monday, January 8th. CSFB raised ECN Capital from a “neutral” rating to an “outperform” rating and increased their price objective for the company from C$4.50 to C$4.75 in a research note on Saturday, September 23rd. TD Securities dropped their price objective on ECN Capital from C$5.00 to C$4.50 and set a “buy” rating for the company in a research note on Friday, December 15th. Finally, Royal Bank of Canada dropped their price objective on ECN Capital from C$5.00 to C$4.50 and set an “outperform” rating for the company in a research note on Friday, December 15th.

Shares of ECN Capital (ECN) traded down C$0.01 on Monday, reaching C$3.83. The company’s stock had a trading volume of 618,798 shares, compared to its average volume of 1,540,348. The stock has a market capitalization of $1,470.00 and a price-to-earnings ratio of -29.46. ECN Capital has a 1-year low of C$2.97 and a 1-year high of C$4.40.

ECN Capital (TSE:ECN) last issued its earnings results on Tuesday, November 14th. The company reported C$0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.04 by C($0.01). ECN Capital had a negative return on equity of 12.24% and a negative net margin of 92.32%.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend is Thursday, December 28th. ECN Capital’s dividend payout ratio (DPR) is presently -30.77%.

In other ECN Capital news, Director Steven Kenneth Hudson bought 381,728 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The stock was bought at an average price of C$3.93 per share, for a total transaction of C$1,500,191.04. Also, insider Loreto Grimaldi bought 127,243 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The shares were acquired at an average price of C$3.93 per share, with a total value of C$500,064.99.

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About ECN Capital

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 (TSE:ECN)

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