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

ECN Capital Corp. (TSE:ECN) has been assigned an average rating of “Hold” from the five analysts that are currently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$2.48.

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

ECN Capital Stock Performance

Shares of TSE:ECN opened at C$2.37 on Friday. The company has a market cap of C$666.25 million, a P/E ratio of -7.18, 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 has a one year low of C$1.60 and a one year high of C$3.10. The business’s 50-day simple moving average is C$2.15 and its 200 day simple moving average is C$1.96.

ECN Capital (TSE:ECN) last announced its earnings results on Wednesday, August 7th. The company reported C$0.04 EPS for the quarter, meeting the consensus estimate of C$0.04. The business had revenue of C$79.37 million for 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%. On average, sell-side analysts forecast that ECN Capital will post 0.2446449 earnings per share for the current fiscal year.

ECN Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, October 1st were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.04 dividend on an annualized basis and a yield of 1.69%. ECN Capital’s dividend payout ratio (DPR) is presently -12.12%.

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.