ECN Capital Corp. (TSE:ECN) Receives C$2.68 Consensus PT from Brokerages

ECN Capital Corp. (TSE:ECN) has been assigned a consensus recommendation of “Hold” from the five ratings firms that are currently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation. The average twelve-month price target among brokers that have covered the stock in the last year is C$2.68.

A number of research analysts recently commented on ECN shares. CIBC increased their price target on shares of ECN Capital from C$2.50 to C$3.50 and gave the company a “neutral” rating in a report on Thursday, January 30th. National Bank Financial lowered ECN Capital from a “strong-buy” rating to a “hold” rating in a research note on Sunday, February 2nd.

ECN Capital Price Performance

ECN Capital stock opened at C$2.90 on Friday. ECN Capital has a 52-week low of C$1.60 and a 52-week high of C$3.52. The company has a market cap of C$581.98 million, a price-to-earnings ratio of -12.96, a PEG ratio of 0.24 and a beta of 1.35. The firm’s fifty day moving average is C$3.23 and its 200 day moving average is C$2.73. The company has a quick ratio of 3.81, a current ratio of 13.28 and a debt-to-equity ratio of 304.13.

ECN Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Friday, December 13th. ECN Capital’s payout ratio is currently -17.87%.

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.