ECN Capital Corp. (TSE:ECN) Given Consensus Rating of “Hold” by Analysts

Shares of ECN Capital Corp. (TSE:ECN) have earned an average recommendation of “Hold” from the six brokerages that are presently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is C$2.29.

Several equities analysts have issued reports on ECN shares. CIBC raised their price objective on ECN Capital from C$1.90 to C$2.00 in a report on Friday, May 10th. 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. 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. TD Securities dropped their price objective on ECN Capital from C$2.75 to C$2.00 and set a “hold” rating on the stock in a report on Friday, May 3rd. Finally, BMO Capital Markets lowered their price target on ECN Capital from C$2.60 to C$2.00 in a report on Tuesday, March 26th.

Insider Buying and Selling at ECN Capital

In other ECN Capital news, Director Karen Lynne Martin acquired 25,000 shares of the stock in a transaction on Friday, May 17th. The shares were bought at an average price of C$1.88 per share, with a total value of C$46,887.50. In related news, Director Steven Kenneth Hudson purchased 200,000 shares of ECN Capital stock in a transaction dated Wednesday, March 27th. The stock was bought at an average cost of C$1.89 per share, for a total transaction of C$377,400.00. Also, Director Karen Lynne Martin purchased 25,000 shares of ECN Capital stock in a transaction dated Friday, May 17th. The shares were bought at an average price of C$1.88 per share, with a total value of C$46,887.50. In the last 90 days, insiders have acquired 425,100 shares of company stock valued at $767,907. 18.43% of the stock is owned by corporate insiders.

ECN Capital Stock Up 1.1 %

ECN Capital stock opened at C$1.87 on Thursday. ECN Capital has a 1-year low of C$1.60 and a 1-year high of C$3.24. 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 stock has a market cap of C$525.69 million, a PE ratio of -3.12, a P/E/G ratio of 0.24 and a beta of 1.25. The stock’s fifty day moving average is C$1.83 and its two-hundred day moving average is C$2.35.

ECN Capital (TSE:ECN) last posted its quarterly 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. On average, sell-side analysts expect that ECN Capital will post 0.1708738 EPS for the current fiscal year.

ECN Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Tuesday, July 2nd will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend is Friday, June 14th. ECN Capital’s dividend payout ratio is presently -6.67%.

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.