ECN Capital Corp. (TSE:ECN) receives average “Buy” rating from analysts
ECN Capital Corp. (TSE: ECN- Get a rating) earned a consensus “Buy” recommendation from the ten research companies that currently cover the business, Marketbeat.com reports. One analyst rated the stock with a hold rating and seven gave the company a buy rating. The 12-month average target price among brokers who have hedged the stock over the past year is C$8.45.
ECN has been the subject of several analyst reports. National Bankshares raised its price target on ECN Capital shares from C$6.50 to C$8.00 and gave the company an “outperform” rating in a report released Thursday, February 10. BMO Capital Markets began covering ECN Capital shares in a report on Wednesday, March 2. They issued a “buy” rating and a price target of C$7.00 on the stock. Royal Bank of Canada raised its price target on ECN Capital shares from C$5.50 to C$6.50 and gave the stock an ‘sector performance’ rating in a research note Wednesday, February 9. TD Securities raised its price target on ECN Capital from C$6.00 to C$7.50 and gave the company a “buy” rating in a Thursday, Feb. 10 research note. Finally, CIBC raised its price target on ECN Capital from CA$7.00 to CA$7.50 and gave the stock an “outperform” rating in a Thursday, March 3, research report.
In other ECN Capital news, Director Steven Kenneth Hudson purchased 63,200 shares of ECN Capital in a trade that took place on Tuesday January 11th. The stock was purchased at an average price of CA$5.77 per share, for a total transaction of CA$364,853.60. As a result of the transaction, the administrator now directly owns 1,433,400 shares of the company, valued at C$8,275,018.20.
ECN stock opened at C$6.63 on Tuesday. The company’s 50-day moving average is C$5.85 and its two-hundred-day moving average is C$8.44. The company has a debt ratio of 134.37, a current ratio of 1.01 and a quick ratio of 0.93. The company has a market capitalization of C$1.63 billion and a P/E ratio of 1.34. ECN Capital has a 1-year low of C$4.60 and a 1-year high of C$12.24.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 31. Shareholders of record on Thursday, March 31 will receive a dividend of $0.01 per share. This represents an annualized dividend of $0.04 and a yield of 0.60%. The ex-dividend date is Monday, March 14. ECN Capital’s dividend payout ratio (DPR) is 1.45%.
ECN Capital Company Profile (Get a rating)
ECN Capital Corp. creates, manages and advises leading consumer credit portfolios, primarily in the United States. The company operates through Service Finance-Home Improvement Loans; KG – Co-branded credit cards and related financial products; and Triad Financial Services – prefabricated home loan segments.
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