ECN Capital Corp. (TSE:ECN) Receives Average Rating of “Hold” from Brokerages

ECN Capital Corp. (TSE:ECN) has received a consensus recommendation of “Hold” from the seven brokerages that are covering the company, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$2.45.

Several equities research analysts recently issued reports on the company. Royal Bank of Canada cut their price target on ECN Capital from C$3.00 to C$2.25 and set a “sector perform” rating for the company in a research note on Friday, March 22nd. TD Securities decreased their price objective on ECN Capital from C$3.00 to C$2.75 and set a “hold” rating for the company in a report on Friday, March 22nd. National Bankshares cut their price target on shares of ECN Capital from C$2.75 to C$2.00 and set a “sector perform” rating on the stock in a research report on Friday, March 22nd. CIBC cut their price objective on shares of ECN Capital from C$3.00 to C$1.90 and set a “neutral” rating on the stock in a research report on Monday, March 25th. Finally, BMO Capital Markets cut their price objective on shares of ECN Capital from C$2.60 to C$2.00 in a research report on Tuesday, March 26th.

Insider Transactions at ECN Capital

In other ECN Capital news, Director Steven Kenneth Hudson acquired 200,000 shares of the company’s stock in a transaction dated Wednesday, March 27th. The shares were acquired at an average cost of C$1.89 per share, with a total value of C$377,400.00. Insiders have bought a total of 400,100 shares of company stock valued at $721,019 in the last 90 days. Insiders own 18.42% of the company’s stock.

ECN Capital Trading Down 4.4 %

Shares of ECN opened at C$1.74 on Wednesday. ECN Capital has a 1 year low of C$1.60 and a 1 year high of C$3.38. The company has a current ratio of 11.69, a quick ratio of 3.81 and a debt-to-equity ratio of 447.65. The stock has a 50 day simple moving average of C$2.37 and a 200-day simple moving average of C$2.45. The stock has a market cap of C$487.11 million, a PE ratio of -2.90, a PEG ratio of 0.24 and a beta of 1.22.

ECN Capital (TSE:ECN) last announced its quarterly earnings data on Thursday, March 21st. The company reported C($0.07) EPS for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.06). ECN Capital had a negative net margin of 134.34% and a negative return on equity of 52.97%. The firm had revenue of C$34.84 million during the quarter, compared to the consensus estimate of C$56.43 million. On average, sell-side analysts predict that ECN Capital will post 0.1698944 EPS for the current fiscal year.

ECN Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 19th. Stockholders of record on Friday, April 19th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Monday, April 8th. This represents a $0.04 annualized dividend and a dividend yield of 2.30%. ECN Capital’s dividend payout ratio is currently -6.67%.

ECN Capital Company Profile

ECN Capital Corp. originates, manages, and advises on credit assets on behalf of its partners in North America. It operates in two segments, Manufactured Housing Finance; and Recreational Vehicle and Marine Finance. The company offers consumer loans, including manufactured housing, recreational vehicle, and marine loans; and commercial loans, such as inventory finance or floorplan loans.