ECN Capital Corp (ECN) Given a C$4.40 Price Target at Raymond James Financial, Inc.
ECN Capital Corp (TSE:ECN) received a C$4.40 price objective from equities researchers at Raymond James Financial, Inc. in a report issued on Monday. The firm presently has an “outperform” rating on the stock. Raymond James Financial, Inc.’s price objective would suggest a potential upside of 26.07% from the company’s previous close.
A number of other research analysts have also recently commented on ECN. Scotiabank reissued an “outperform” rating and set a C$4.25 target price on shares of ECN Capital Corp in a research report on Thursday, November 24th. National Bank Financial boosted their target price on shares of ECN Capital Corp from C$4.25 to C$4.75 in a research report on Wednesday, February 22nd. TD Securities boosted their target price on shares of ECN Capital Corp from C$4.50 to C$5.00 and gave the stock a “buy” rating in a research report on Wednesday, February 22nd. Finally, Royal Bank of Canada boosted their target price on shares of ECN Capital Corp from C$4.25 to C$4.50 and gave the stock an “outperform” rating in a research report on Wednesday, February 22nd. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of C$4.55.
Shares of ECN Capital Corp (TSE:ECN) traded up 0.29% on Monday, reaching $3.50. 1,927,609 shares of the company’s stock traded hands. The stock has a market capitalization of $1.36 billion and a PE ratio of 43.75. ECN Capital Corp has a 52 week low of $2.60 and a 52 week high of $3.70. The company has a 50 day moving average of $3.34 and a 200-day moving average of $3.16.
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In other news, Director William Wayne Lovatt bought 100,000 shares of ECN Capital Corp stock in a transaction dated Thursday, March 9th. The shares were acquired at an average cost of C$3.55 per share, with a total value of C$355,000.00. Also, insider Grier Barrett Colter bought 12,000 shares of ECN Capital Corp stock in a transaction dated Friday, March 10th. The shares were purchased at an average cost of C$3.48 per share, for a total transaction of C$41,760.00. Over the last three months, insiders have bought 127,000 shares of company stock worth $443,110.
About ECN Capital Corp
ECN Capital Corp is a Canada-based independent commercial finance company. The Company operates across North America in the following verticals of the commercial finance market: Rail Finance, Commercial and Vendor (C&V) Finance, and Commercial Aviation Finance. Through its C&V vertical, the Company provides financing and leasing solutions to manufacturers, dealers, distributors and end-users of capital equipment across a range of industries such as food service, transportation, construction, manufacturing, healthcare, office equipment and technology products.
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