ECN Capital Corp. (TSE:ECN) Receives C$2.48 Consensus PT from Analysts

ECN Capital Corp. (TSE:ECN) has been assigned a consensus recommendation of “Hold” from the five analysts that are covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$2.52.

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

ECN Capital Price Performance

ECN Capital stock opened at C$2.93 on Friday. ECN Capital has a one year low of C$1.60 and a one year high of C$3.10. The company has a debt-to-equity ratio of 383.08, a quick ratio of 3.81 and a current ratio of 10.77. The business has a fifty day moving average of C$2.16 and a two-hundred day moving average of C$1.97. The company has a market cap of C$823.68 million, a P/E ratio of -8.88, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35.

ECN Capital (TSE:ECN) last released its earnings results on Wednesday, August 7th. The company reported C$0.04 EPS for the quarter, meeting analysts’ consensus estimates of C$0.04. The company had revenue of C$79.37 million during 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%. As a group, analysts predict that ECN Capital will post 0.2446449 earnings per share for the current fiscal year.

ECN Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend is Friday, December 13th. ECN Capital’s payout ratio is -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.