ECN Capital (TSE:ECN) Stock Price Expected to Rise, Cormark Analyst Says

ECN Capital (TSE:ECN) had its price target boosted by Cormark from C$2.25 to C$3.50 in a research report sent to investors on Tuesday morning,BayStreet.CA reports.

ECN has been the topic of several other research reports. National Bank Financial raised shares of ECN Capital from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th. BMO Capital Markets lifted their price target on shares of ECN Capital from C$2.00 to C$2.35 in a research report on Friday, August 9th. National Bankshares upped their price objective 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$2.25 to C$2.50 in a report on Friday, November 8th. Five investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of C$2.66.

ECN Capital Trading Down 1.3 %

ECN opened at C$2.96 on Tuesday. The firm has a 50 day simple moving average of C$2.18 and a 200 day simple moving average of C$1.98. ECN Capital has a fifty-two week low of C$1.60 and a fifty-two week high of C$3.25. The company has a market cap of C$832.12 million, a price-to-earnings ratio of -8.97, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35. The company has a debt-to-equity ratio of 383.08, a current ratio of 10.77 and a quick ratio of 3.81.

ECN Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.01 per share. The ex-dividend date is Friday, December 13th. This represents a $0.04 dividend on an annualized basis and a yield of 1.35%. ECN Capital’s dividend payout ratio (DPR) is presently -12.12%.

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.