CIBC Forecasts Strong Price Appreciation for ECN Capital (TSE:ECN) Stock

ECN Capital (TSE:ECN) had its price target boosted by CIBC from C$2.50 to C$3.50 in a research report report published on Thursday,BayStreet.CA reports. They currently have a neutral rating on the stock.

Several other analysts also recently issued reports on ECN. Cormark upped their price objective on ECN Capital from C$2.25 to C$3.50 and gave the company a “moderate buy” rating in a research report on Tuesday, November 12th. National Bank Financial upgraded ECN Capital from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th. Four analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of C$2.68.

ECN Capital Stock Up 0.3 %

ECN opened at C$3.20 on Thursday. The business’s fifty day moving average is C$3.06 and its two-hundred day moving average is C$2.46. The company has a debt-to-equity ratio of 383.08, a quick ratio of 3.81 and a current ratio of 10.77. The company has a market cap of C$899.58 million, a price-to-earnings ratio of -9.70, a PEG ratio of 0.24 and a beta of 1.35. ECN Capital has a one year low of C$1.60 and a one year high of C$3.43.

ECN Capital (TSE:ECN) last posted its earnings results on Thursday, November 7th. The company reported C$0.07 EPS for the quarter, topping analysts’ consensus estimates of C$0.05 by C$0.02. ECN Capital had a negative return on equity of 33.69% and a negative net margin of 55.01%. Analysts anticipate that ECN Capital will post 0.2446449 EPS for the current fiscal year.

ECN Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.04 annualized dividend and a yield of 1.25%. ECN Capital’s dividend payout ratio is presently -12.12%.

Insiders Place Their Bets

In other news, Director Steven Kenneth Hudson sold 20,300 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of C$2.91, for a total value of C$59,012.10. 18.31% of the stock is currently owned by insiders.

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.