Q4 2017 Earnings Estimate for ECN Capital Corp Issued By National Bank Financial (ECN)
ECN Capital Corp (TSE:ECN) – National Bank Financial dropped their Q4 2017 EPS estimates for shares of ECN Capital Corp in a report released on Tuesday. National Bank Financial analyst J. Gloyn now forecasts that the company will earn $0.05 per share for the quarter, down from their previous forecast of $0.06. National Bank Financial currently has a “Outperform” rating and a $5.00 price objective on the stock. National Bank Financial also issued estimates for ECN Capital Corp’s Q1 2018 earnings at $0.06 EPS and FY2018 earnings at $0.26 EPS.
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Other analysts also recently issued reports about the company. TD Securities decreased their target price on ECN Capital Corp from C$5.00 to C$4.75 and set a “buy” rating for the company in a research report on Thursday. Scotiabank raised their target price on ECN Capital Corp from C$4.50 to C$5.00 and gave the stock an “outperform” rating in a research report on Wednesday. Raymond James Financial, Inc. raised their target price on ECN Capital Corp from C$4.40 to C$4.75 and gave the stock an “outperform” rating in a research report on Friday, May 12th. Royal Bank Of Canada raised their target price on ECN Capital Corp from C$4.50 to C$5.00 and gave the stock an “outperform” rating in a research report on Friday, June 9th. Finally, CIBC raised their target price on ECN Capital Corp from C$4.50 to C$5.00 in a research report on Monday, June 12th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$4.73.
ECN Capital Corp (TSE:ECN) traded down 0.25% during mid-day trading on Friday, reaching $3.95. The company had a trading volume of 682,418 shares. The company has a market capitalization of $1.57 billion and a price-to-earnings ratio of 5.60. The stock has a 50-day moving average of $3.96 and a 200 day moving average of $3.66. ECN Capital Corp has a 12-month low of $2.60 and a 12-month high of $4.11.
In other news, Director Pierre Lortie bought 2,000 shares of the firm’s stock in a transaction on Thursday, May 25th. The stock was acquired at an average cost of C$25.00 per share, with a total value of C$50,000.00. Also, Director William Wayne Lovatt bought 100,000 shares of the firm’s stock in a transaction on Friday, May 26th. The stock was purchased at an average cost of C$3.80 per share, with a total value of C$380,000.00. Insiders acquired 617,178 shares of company stock valued at $2,398,481 over the last three months.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Thursday, September 28th.
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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