ECN Capital Corp. (TSE:ECN) Receives C$2.48 Consensus PT from Analysts

by · The Cerbat Gem

ECN Capital Corp. (TSE:ECN – Get Free Report) has been assigned a consensus recommendation of “Hold” from the five analysts that are covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$2.52.

Several research analysts have recently issued reports on the company. National Bankshares lifted their price target on ECN Capital from C$2.25 to C$2.50 in a research note on Thursday, August 8th. BMO Capital Markets boosted their target price on ECN Capital from C$2.00 to C$2.35 in a report on Friday, August 9th. Finally, CIBC boosted their price target on ECN Capital from C$2.25 to C$2.50 in a research report on Friday.

Check Out Our Latest Research Report on ECN Capital

ECN Capital Price Performance

ECN Capital stock opened at C$2.93 on Friday. ECN Capital has a one year low of C$1.60 and a one year high of C$3.10. 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 business has a fifty day moving average of C$2.16 and a two-hundred day moving average of C$1.97. The company has a market cap of C$823.68 million, a P/E ratio of -8.88, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35.

ECN Capital (TSE:ECN – Get Free Report) last released its earnings results on Wednesday, August 7th. The company reported C$0.04 EPS for the quarter, meeting analysts’ consensus estimates of C$0.04. The company had revenue of C$79.37 million during the quarter, compared to the consensus estimate of C$75.42 million. ECN Capital had a negative return on equity of 33.69% and a negative net margin of 55.01%. As a group, analysts predict that ECN Capital will post 0.2446449 earnings per share for the current fiscal year.

ECN Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend is Friday, December 13th. ECN Capital’s payout ratio is -12.12%.

ECN Capital Company Profile

(Get Free Report

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.

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