Q4 2017 EPS Estimates for ECN Capital Corp (TSE:ECN) Increased by Analyst
ECN Capital Corp (TSE:ECN) – Stock analysts at National Bank Financial upped their Q4 2017 earnings estimates for shares of ECN Capital Corp in a note issued to investors on Thursday. National Bank Financial analyst J. Gloyn now anticipates that the company will post earnings of $0.06 per share for the quarter, up from their prior forecast of $0.04. National Bank Financial currently has a “Outperform” rating and a $5.00 price target on the stock. National Bank Financial also issued estimates for ECN Capital Corp’s Q1 2018 earnings at $0.07 EPS.
Other equities analysts have also issued research reports about the company. CIBC upped their price objective on ECN Capital Corp from C$4.50 to C$5.00 in a research note on Monday, June 12th. TD Securities reaffirmed a “buy” rating and issued a C$5.00 price objective on shares of ECN Capital Corp in a research note on Wednesday, May 3rd. Royal Bank Of Canada upped their price objective on ECN Capital Corp from C$4.50 to C$5.00 and gave the stock an “outperform” rating in a research note on Friday, June 9th. Scotiabank dropped their price objective on ECN Capital Corp from C$4.60 to C$4.50 and set an “outperform” rating for the company in a research note on Friday, May 12th. Finally, Raymond James Financial, Inc. upped their price objective on ECN Capital Corp from C$4.40 to C$4.75 and gave the stock an “outperform” rating in a research note on Friday, May 12th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of C$4.66.
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Shares of ECN Capital Corp (ECN) opened at 3.85 on Monday. ECN Capital Corp has a 12 month low of $2.60 and a 12 month high of $4.11. The stock’s 50 day moving average price is $3.97 and its 200-day moving average price is $3.63. The company has a market cap of $1.50 billion and a P/E ratio of 5.28.
In other news, Director Paul James Stoyan purchased 17,100 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The stock was bought at an average cost of C$3.78 per share, with a total value of C$64,638.00. Also, Director Pierre Lortie purchased 2,000 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The shares were purchased at an average cost of C$25.00 per share, with a total value of C$50,000.00. Over the last three months, insiders have purchased 617,178 shares of company stock valued at $2,398,481.
About ECN Capital Corp
ECN Capital Corp., an independent financial services company, originates, co-invests in, and manages asset based financing and related service programs in the United States, Canada, and internationally. The company operates through three segments: Rail Finance, Aviation Finance, and Commercial and Vendor Finance.
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