ECN Capital Corp (TSE:ECN) has earned a consensus recommendation of “Buy” from the eight brokerages that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a buy recommendation. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$5.00.
ECN has been the subject of a number of research analyst reports. BMO Capital Markets cut their price target on shares of ECN Capital from C$5.60 to C$5.00 in a report on Friday, August 10th. TD Securities upped their price target on shares of ECN Capital from C$5.00 to C$5.50 in a report on Friday, August 10th. Raymond James cut their price target on shares of ECN Capital from C$5.00 to C$4.50 and set an “outperform” rating for the company in a report on Tuesday. Finally, National Bank Financial reissued an “outperform market weight” rating on shares of ECN Capital in a report on Tuesday, August 7th.
ECN traded down C$0.03 on Friday, reaching C$3.84. The company had a trading volume of 348,606 shares, compared to its average volume of 1,228,302. ECN Capital has a one year low of C$3.31 and a one year high of C$4.40.
ECN Capital (TSE:ECN) last issued its quarterly earnings results on Thursday, August 9th. The company reported C$0.05 earnings per share for the quarter, meeting the Zacks’ consensus estimate of C$0.05. The business had revenue of C$79.58 million during the quarter, compared to analyst estimates of C$55.90 million.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date is Thursday, September 27th.
In other news, insider Scott William Shaw acquired 216,200 shares of ECN Capital stock in a transaction on Tuesday, August 14th. The stock was bought at an average cost of C$3.55 per share, with a total value of C$767,510.00. Also, Director Steven Kenneth Hudson acquired 15,000 shares of ECN Capital stock in a transaction on Tuesday, August 28th. The shares were purchased at an average cost of C$3.82 per share, with a total value of C$57,300.00. Insiders have acquired 585,677 shares of company stock valued at $2,168,260 over the last ninety days.
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.
Further Reading: Short Selling – Explanation For Shorting Stocks
Receive News & Ratings for ECN Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ECN Capital and related companies with MarketBeat.com's FREE daily email newsletter.