ECN Capital (TSE:ECN) Rating Increased to Strong-Buy at National Bank Financial

National Bank Financial upgraded shares of ECN Capital (TSE:ECN) from a hold rating to a strong-buy rating in a research note issued to investors on Friday,Zacks.com reports.

Other analysts have also recently issued research reports about the stock. BMO Capital Markets raised their target price on shares of ECN Capital from C$2.00 to C$2.35 in a research note on Friday, August 9th. National Bankshares increased their target price on ECN Capital from C$2.25 to C$2.50 in a research note on Thursday, August 8th. Finally, CIBC lifted their price target on ECN Capital from C$2.25 to C$2.50 in a research note on Friday. Five equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of C$2.52.

ECN Capital Stock Up 2.4 %

Shares of TSE:ECN opened at C$3.00 on Friday. The company has a quick ratio of 3.81, a current ratio of 10.77 and a debt-to-equity ratio of 383.08. ECN Capital has a fifty-two week low of C$1.60 and a fifty-two week high of C$3.10. The stock has a market cap of C$843.36 million, a price-to-earnings ratio of -9.09, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35. The firm’s 50 day moving average price is C$2.16 and its 200 day moving average price is C$1.97.

ECN Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a $0.01 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.04 annualized dividend and a dividend yield of 1.33%. 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.