ECN Capital Corp. (TSE:ECN) Given Average Recommendation of “Hold” by Analysts

ECN Capital Corp. (TSE:ECN) has received a consensus recommendation of “Hold” from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$2.45.

A number of research firms recently commented on ECN. TD Securities dropped their price objective on ECN Capital from C$3.00 to C$2.75 and set a “hold” rating on the stock in a report on Friday, March 22nd. BMO Capital Markets dropped their price objective on ECN Capital from C$2.60 to C$2.00 in a report on Tuesday, March 26th. Royal Bank of Canada dropped their price objective on ECN Capital from C$3.00 to C$2.25 and set a “sector perform” rating on the stock in a report on Friday, March 22nd. CIBC dropped their price objective on ECN Capital from C$3.00 to C$1.90 and set a “neutral” rating on the stock in a report on Monday, March 25th. Finally, National Bankshares dropped their price objective on ECN Capital from C$2.75 to C$2.00 and set a “sector perform” rating on the stock in a report on Friday, March 22nd.

ECN Capital Price Performance

Shares of ECN opened at C$1.76 on Wednesday. The company has a market capitalization of C$492.71 million, a price-to-earnings ratio of -2.93, a P/E/G ratio of 0.24 and a beta of 1.22. ECN Capital has a fifty-two week low of C$1.60 and a fifty-two week high of C$3.31. The company has a debt-to-equity ratio of 447.65, a current ratio of 11.69 and a quick ratio of 3.81. The business’s 50-day moving average is C$2.27 and its 200-day moving average is C$2.43.

ECN Capital (TSE:ECN) last issued its earnings results on Thursday, March 21st. The company reported C($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.06). ECN Capital had a negative net margin of 134.34% and a negative return on equity of 52.97%. The business had revenue of C$34.84 million during the quarter, compared to analyst estimates of C$56.43 million. Equities research analysts expect that ECN Capital will post 0.1698944 EPS for the current fiscal year.

ECN Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 19th were issued a dividend of $0.01 per share. The ex-dividend date was Monday, April 8th. This represents a $0.04 annualized dividend and a yield of 2.27%. ECN Capital’s dividend payout ratio (DPR) is presently -6.67%.

Insider Buying and Selling at ECN Capital

In related news, Director William Wayne Lovatt purchased 200,000 shares of the stock in a transaction on Monday, March 25th. The shares were bought at an average price of C$1.71 per share, for a total transaction of C$342,000.00. Insiders have purchased a total of 400,100 shares of company stock worth $721,019 over the last 90 days. Insiders own 18.42% of the company’s stock.

ECN Capital Company Profile

ECN Capital Corp. originates, manages, and advises on credit assets on behalf of its partners in North America. It operates in two segments, Manufactured Housing Finance; and Recreational Vehicle and Marine Finance. The company offers consumer loans, including manufactured housing, recreational vehicle, and marine loans; and commercial loans, such as inventory finance or floorplan loans.