ECN Capital Corp. (TSE:ECN) Given Average Recommendation of “Hold” by Analysts

Shares of ECN Capital Corp. (TSE:ECN) have received an average rating of “Hold” from the five brokerages that are presently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$2.48.

A number of research firms have commented on ECN. BMO Capital Markets lifted their price objective on shares of ECN Capital from C$2.00 to C$2.35 in a report on Friday, August 9th. National Bankshares boosted their price target on shares of ECN Capital from C$2.25 to C$2.50 in a research report on Thursday, August 8th. Finally, CIBC lifted their target price on ECN Capital from C$2.00 to C$2.25 in a research note on Thursday, August 8th.

ECN Capital Trading Up 1.5 %

Shares of ECN stock opened at C$2.07 on Friday. The firm has a market cap of C$581.92 million, a P/E ratio of -6.47, a PEG ratio of 0.24 and a beta of 1.35. ECN Capital has a 1-year low of C$1.60 and a 1-year high of C$3.10. The company has a debt-to-equity ratio of 383.08, a current ratio of 10.77 and a quick ratio of 3.81. The firm’s 50-day simple moving average is C$2.03 and its 200-day simple moving average is C$1.97.

ECN Capital (TSE:ECN) last issued its quarterly earnings data on Wednesday, August 7th. The company reported C$0.04 earnings per share (EPS) for the quarter, meeting 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. As a group, equities analysts forecast that ECN Capital will post 0.2434679 EPS for the current year.

ECN Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, October 1st will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Friday, September 13th. ECN Capital’s dividend payout ratio (DPR) is currently -12.50%.

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.