ECN Capital Corp (TSE:ECN) has been assigned an average recommendation of “Buy” from the seven research firms that are covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a buy recommendation. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$4.86.
A number of equities analysts have recently commented on the stock. TD Securities lifted their price target on shares of ECN Capital from C$4.75 to C$5.00 and gave the company a “buy” rating in a research report on Monday, October 16th. Raymond James Financial set a C$5.00 price target on shares of ECN Capital and gave the company an “outperform” rating in a research report on Monday, January 8th. CSFB lifted their price target on shares of ECN Capital from C$4.75 to C$5.00 and gave the company an “outperform” rating in a research report on Thursday, October 26th. Finally, Royal Bank of Canada dropped their target price on shares of ECN Capital from C$5.00 to C$4.50 and set an “outperform” rating on the stock in a research report on Friday, December 15th.
ECN Capital (TSE:ECN) traded down C$0.02 during trading hours on Friday, hitting C$3.39. 3,169,436 shares of the stock were exchanged, compared to its average volume of 1,660,000. ECN Capital has a 12 month low of C$3.00 and a 12 month high of C$4.40. The company has a market capitalization of $1,300.00 and a price-to-earnings ratio of -26.08.
The business also recently announced a quarterly dividend, which was paid on Monday, January 15th. Investors of record on Friday, December 29th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend was Thursday, December 28th. ECN Capital’s dividend payout ratio (DPR) is currently -30.77%.
In other ECN Capital news, insider Loreto Grimaldi purchased 127,243 shares of the stock in a transaction on Thursday, December 14th. The shares were purchased at an average price of C$3.93 per share, with a total value of C$500,064.99. Also, Director Steven Kenneth Hudson purchased 381,728 shares of the stock in a transaction on Thursday, December 14th. The stock was acquired at an average cost of C$3.93 per share, for a total transaction of C$1,500,191.04.
COPYRIGHT VIOLATION WARNING: “ECN Capital Corp (ECN) Receives Consensus Rating of “Buy” from Analysts” was reported by American Banking News and is the property of of American Banking News. If you are reading this story on another publication, it was stolen and republished in violation of international copyright legislation. The correct version of this story can be viewed at https://www.americanbankingnews.com/2018/02/09/ecn-capital-corp-ecn-receives-consensus-rating-of-buy-from-analysts.html.
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.
Receive News & Ratings for ECN Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ECN Capital and related companies with MarketBeat.com's FREE daily email newsletter.