Brokerages Set ECN Capital Corp. (TSE:ECN) Price Target at C$2.69

ECN Capital Corp. (TSE:ECN) has been given a consensus rating of “Hold” by the seven research firms that are covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$2.45.

A number of analysts have recently weighed in on ECN shares. Royal Bank of Canada dropped their price objective on ECN Capital from C$3.00 to C$2.25 and set a “sector perform” rating for the company in a research note on Friday, March 22nd. CIBC dropped their price target on ECN Capital from C$3.00 to C$1.90 and set a “neutral” rating for the company in a research note on Monday. BMO Capital Markets dropped their price target on ECN Capital from C$2.60 to C$2.00 in a research note on Tuesday. National Bankshares dropped their price target on ECN Capital from C$2.75 to C$2.00 and set a “sector perform” rating for the company in a research note on Friday, March 22nd. Finally, TD Securities dropped their price target on ECN Capital from C$3.00 to C$2.75 and set a “hold” rating for the company in a research note on Friday, March 22nd.

Insiders Place Their Bets

In related news, Director Steven Kenneth Hudson purchased 200,000 shares of ECN Capital stock in a transaction dated Wednesday, March 27th. The stock was purchased at an average cost of C$1.89 per share, for a total transaction of C$377,400.00. 17.99% of the stock is owned by corporate insiders.

ECN Capital Stock Performance

TSE:ECN opened at C$1.91 on Friday. The firm has a market cap of C$534.70 million, a PE ratio of -3.24, a price-to-earnings-growth ratio of 0.24 and a beta of 1.29. ECN Capital has a fifty-two week low of C$1.60 and a fifty-two week high of C$3.38. The company has a debt-to-equity ratio of 447.65, a quick ratio of 3.81 and a current ratio of 11.69. The business has a 50 day moving average price of C$2.59 and a 200-day moving average price of C$2.49.

ECN Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 19th. Shareholders of record on Friday, April 19th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Monday, April 8th. This represents a $0.04 dividend on an annualized basis and a yield of 2.09%. ECN Capital’s dividend payout ratio (DPR) is -6.78%.

About ECN Capital

ECN Capital Corp. originates, manages, and advises on credit assets on behalf of its partners in North America. It operates through two segments, Manufactured Housing Finance; and Recreational Vehicle and Marine Finance. The company provides consumer loans, including manufactured housing, recreational vehicle, and marine loans; and commercial loans, such as inventory finance or floorplan loans.