ECN Capital Corp. (TSE:ECN) Receives C$2.48 Average Target Price from Brokerages

ECN Capital Corp. (TSE:ECN) has been assigned a consensus rating of “Hold” from the five analysts that are covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$2.48.

ECN has been the topic of a number of recent research reports. BMO Capital Markets upped their price target on shares of ECN Capital from C$2.00 to C$2.35 in a report on Friday, August 9th. National Bankshares upped their price target on shares of ECN Capital from C$2.25 to C$2.50 in a report on Thursday, August 8th. Finally, CIBC upped their price target on shares of ECN Capital from C$2.00 to C$2.25 in a report on Thursday, August 8th.

ECN Capital Price Performance

ECN Capital stock opened at C$2.17 on Wednesday. ECN Capital has a 1 year low of C$1.60 and a 1 year high of C$3.10. The firm has a 50 day moving average price of C$2.10 and a 200 day moving average price of C$1.93. The company has a market cap of C$610.03 million, a price-to-earnings ratio of -6.78, a PEG ratio of 0.24 and a beta of 1.35. The company has a debt-to-equity ratio of 383.08, a quick ratio of 3.81 and a current ratio of 10.77.

ECN Capital (TSE:ECN) last released its quarterly earnings data on Wednesday, August 7th. The company reported C$0.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$0.04. ECN Capital had a negative net margin of 55.01% and a negative return on equity of 33.69%. The company had revenue of C$79.37 million during the quarter, compared to the consensus estimate of C$75.42 million. Sell-side analysts predict that ECN Capital will post 0.2474227 earnings per share for the current year.

ECN Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, October 1st were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.04 annualized dividend and a dividend yield of 1.84%. ECN Capital’s dividend payout ratio is currently -12.50%.

About ECN Capital

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.