ECN Capital Corp (ECN) Receives Average Rating of “Buy” from Analysts

ECN Capital Corp (TSE:ECN) has been given an average recommendation of “Buy” by the eight research firms that are currently covering the stock, MarketBeat reports. Seven analysts have rated the stock with a buy rating. The average 1 year target price among brokerages that have covered the stock in the last year is C$4.87.

ECN has been the subject of a number of research analyst reports. Raymond James Financial set a C$5.00 target price on ECN Capital and gave the company an “outperform” rating in a research note on Monday, January 8th. Royal Bank of Canada decreased their target price on ECN Capital from C$5.00 to C$4.50 and set an “outperform” rating for the company in a research note on Friday, December 15th. TD Securities decreased their target price on ECN Capital from C$5.00 to C$4.50 and set a “buy” rating for the company in a research note on Friday, December 15th. Scotiabank decreased their target price on ECN Capital from C$5.00 to C$4.75 and set an “outperform” rating for the company in a research note on Thursday, March 1st. Finally, CSFB reissued an “outperform” rating and issued a C$5.00 target price on shares of ECN Capital in a research note on Wednesday.

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Shares of ECN Capital stock traded down C$0.02 during trading on Friday, reaching C$3.55. 458,869 shares of the company were exchanged, compared to its average volume of 1,441,127. ECN Capital has a twelve month low of C$3.00 and a twelve month high of C$4.40.

ECN Capital (TSE:ECN) last announced its quarterly earnings data on Wednesday, February 28th. The company reported C$0.04 EPS for the quarter, hitting analysts’ consensus estimates of C$0.04. The company had revenue of C$17.01 million for the quarter, compared to analyst estimates of C$38.00 million.

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Friday, March 30th will be paid a $0.01 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $0.04 dividend on an annualized basis and a yield of 1.13%.

In other ECN Capital news, insider Jr. Donald Frank Glisson bought 350,000 shares of the firm’s stock in a transaction on Friday, March 2nd. The stock was purchased at an average cost of C$3.63 per share, with a total value of C$1,270,500.00.

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About ECN Capital

ECN Capital Corp., an independent financial services company, originates, co-invests in, and manages asset-based financing and related service programs. The company operates through four segments: Home Improvement Finance, Manufactured Housing Finance, Rail Finance, and Aviation Finance. The Home Improvement Finance segment primarily provides prime and super-prime retail installment contracts to finance home improvement projects in the U.S.

Analyst Recommendations for ECN Capital (TSE:ECN)

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