TD Securities Trims ECN Capital (TSE:ECN) Target Price to C$2.00

ECN Capital (TSE:ECN) had its price objective trimmed by TD Securities from C$2.75 to C$2.00 in a research note published on Friday morning, BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

Several other brokerages have also issued reports on ECN. 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. Royal Bank of Canada cut their price target on ECN Capital from C$3.00 to C$2.25 and set a sector perform rating on the stock in a research report on Friday, March 22nd. BMO Capital Markets lowered their target price on shares of ECN Capital from C$2.60 to C$2.00 in a research report on Tuesday, March 26th. Finally, CIBC reduced their price target on shares of ECN Capital from C$3.00 to C$1.90 and set a neutral rating for the company in a research report on Monday, March 25th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Hold and a consensus price target of C$2.34.

ECN Capital Price Performance

Shares of TSE ECN opened at C$1.79 on Friday. The stock’s 50-day simple moving average is C$2.10 and its 200-day simple moving average is C$2.40. The company has a debt-to-equity ratio of 447.65, a quick ratio of 3.81 and a current ratio of 11.69. The firm has a market capitalization of C$501.11 million, a PE ratio of -2.93, a price-to-earnings-growth 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$3.26.

ECN Capital (TSE:ECN) last issued its quarterly earnings data on Thursday, March 21st. The company reported C($0.07) earnings per share for the quarter, missing the consensus estimate of C($0.01) by C($0.06). The company had revenue of C$34.84 million for the quarter, compared to analysts’ expectations of C$56.43 million. ECN Capital had a negative return on equity of 52.97% and a negative net margin of 134.34%. As a group, equities research analysts forecast that ECN Capital will post 0.1720841 EPS for the current fiscal year.

ECN Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 19th were paid a $0.01 dividend. The ex-dividend date of this dividend was Monday, April 8th. This represents a $0.04 annualized dividend and a yield of 2.23%. ECN Capital’s dividend payout ratio is currently -6.56%.

Insiders Place Their Bets

In other news, Director Steven Kenneth Hudson acquired 200,000 shares of ECN Capital stock in a transaction that occurred on Wednesday, March 27th. The stock was purchased at an average price of C$1.89 per share, for a total transaction of C$377,400.00. In the last quarter, insiders bought 400,100 shares of company stock worth $721,019. 18.43% of the stock is owned by insiders.

About ECN Capital

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.