ECN Capital Corp (ECN) Receives Consensus Rating of “Buy” from Analysts

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.

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

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.

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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.

Analyst Recommendations for ECN Capital (TSE:ECN)

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