ECN Capital Corp (ECN) Receives C$4.73 Consensus PT from Analysts
ECN Capital Corp (TSE:ECN) has been given an average recommendation of “Buy” by the ten research firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$4.73.
ECN has been the subject of several recent analyst reports. 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 note on Thursday, August 10th. Royal Bank Of Canada boosted 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 note on Friday, June 9th. CIBC boosted their target price on ECN Capital Corp from C$4.50 to C$5.00 in a research note on Monday, June 12th. National Bank Financial boosted their target price on ECN Capital Corp from C$4.75 to C$5.00 and gave the stock an “outperform” rating in a research note on Friday, June 9th. Finally, Scotiabank boosted 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 note on Wednesday, August 9th.
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In related news, insider Sandra Lorena Ceccacci bought 47,800 shares of the company’s stock in a transaction dated Thursday, August 17th. The shares were acquired at an average price of C$3.85 per share, with a total value of C$184,030.00. Also, Director Donna Elizabeth Toth bought 15,000 shares of the company’s stock in a transaction dated Wednesday, August 16th. The stock was bought at an average cost of C$3.92 per share, for a total transaction of C$58,800.00. In the last ninety days, insiders have acquired 112,800 shares of company stock worth $438,130.
Shares of ECN Capital Corp (ECN) traded down 1.31% during trading on Tuesday, reaching $3.78. 590,616 shares of the company traded hands. The stock’s 50 day moving average is $3.75 and its 200 day moving average is $3.66. ECN Capital Corp has a 1-year low of $2.60 and a 1-year high of $3.85. The company has a market capitalization of $1.47 billion and a price-to-earnings ratio of 5.27.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.04%. The ex-dividend date 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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