ECN Capital Corp Expected to Post Q2 2018 Earnings of $0.06 Per Share (ECN)
ECN Capital Corp (TSE:ECN) – Equities research analysts at National Bank Financial issued their Q2 2018 earnings estimates for shares of ECN Capital Corp in a report issued on Tuesday. National Bank Financial analyst J. Gloyn anticipates that the company will post earnings per share of $0.06 for the quarter. National Bank Financial currently has a “Outperform” rating and a $5.00 price target on the stock.
Other equities analysts have also recently issued research reports about the stock. CIBC raised their price target on shares of ECN Capital Corp from C$4.50 to C$5.00 in a research report on Monday, June 12th. TD Securities reissued a “buy” rating and issued a C$5.00 price target on shares of ECN Capital Corp in a research report on Wednesday, May 3rd. Royal Bank Of Canada raised their price target on shares of ECN Capital Corp from C$4.50 to C$5.00 and gave the company an “outperform” rating in a research report on Friday, June 9th. Scotiabank decreased their price target on shares of ECN Capital Corp from C$4.60 to C$4.50 and set an “outperform” rating for the company in a research report on Friday, May 12th. Finally, Raymond James Financial, Inc. raised their price target on shares of ECN Capital Corp from C$4.40 to C$4.75 and gave the company an “outperform” rating in a research report on Friday, May 12th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of C$4.71.
Shares of ECN Capital Corp (ECN) traded down 0.50% during midday trading on Thursday, reaching $4.00. The company’s stock had a trading volume of 294,004 shares. ECN Capital Corp has a 52 week low of $2.60 and a 52 week high of $4.11. The company has a 50 day moving average price of $3.96 and a 200-day moving average price of $3.66. The stock has a market capitalization of $1.59 billion and a PE ratio of 5.67.
In other news, insider Jim Nikopoulos acquired 263,857 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The stock was acquired at an average cost of C$3.86 per share, with a total value of C$1,018,488.02. Also, insider Loreto Grimaldi acquired 234,221 shares of the firm’s stock in a transaction dated Monday, May 15th. The shares were purchased at an average cost of C$3.78 per share, with a total value of C$885,355.38. Over the last ninety days, insiders have bought 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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