ECN Capital Corp (TSE:ECN) – Research analysts at Cormark dropped their Q1 2018 earnings estimates for shares of ECN Capital Corp in a research note issued to investors on Wednesday. Cormark analyst J. Fenwick now forecasts that the company will earn $0.05 per share for the quarter, down from their previous estimate of $0.06. Cormark also issued estimates for ECN Capital Corp’s Q2 2018 earnings at $0.05 EPS, Q3 2018 earnings at $0.06 EPS, Q4 2018 earnings at $0.06 EPS and FY2018 earnings at $0.23 EPS.
A number of other research analysts also recently commented on ECN. TD Securities reaffirmed a “buy” rating and set a C$5.00 target price on shares of ECN Capital Corp in a report on Wednesday, May 3rd. Scotiabank reduced their target price on ECN Capital Corp from C$4.60 to C$4.50 and set an “outperform” rating on the stock in a report on Friday, May 12th. Raymond James Financial, Inc. raised their price target on ECN Capital Corp from C$4.40 to C$4.75 and gave the stock an “outperform” rating in a report on Friday, May 12th. National Bank Financial raised their price target on ECN Capital Corp from C$4.75 to C$5.00 and gave the stock an “outperform” rating in a report on Friday, June 9th. Finally, Royal Bank Of Canada raised their price target on ECN Capital Corp from C$4.50 to C$5.00 and gave the stock an “outperform” rating in a report on Friday, June 9th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of C$4.73.
ECN Capital Corp (TSE:ECN) traded down 0.51% during midday trading on Friday, reaching $3.94. The company had a trading volume of 734,933 shares. The firm has a market capitalization of $1.57 billion and a PE ratio of 5.59. ECN Capital Corp has a 12 month low of $2.60 and a 12 month high of $4.11. The firm’s 50-day moving average price is $3.96 and its 200 day moving average price is $3.66.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Thursday, September 28th.
In other ECN Capital Corp news, insider Loreto Grimaldi bought 234,221 shares of the stock in a transaction that occurred on Monday, May 15th. The shares were purchased at an average cost of C$3.78 per share, for a total transaction of C$885,355.38. Also, insider Jim Nikopoulos bought 263,857 shares of the stock in a transaction that occurred on Tuesday, May 16th. The stock was acquired at an average price of C$3.86 per share, for a total transaction of C$1,018,488.02. In the last three months, insiders purchased 617,178 shares of company stock worth $2,398,481.
ECN Capital Corp Company Profile
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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