ECN Capital Corp. (TSE:ECN – Get Rating) has been given an average “Buy” rating by the ten brokerages that cover the business, Marketbeat reports. One investment analyst rated the stock with a hold recommendation and seven gave the company a buy recommendation. The 12-month average target price among analysts who have reported on the stock in the past year is C$8.60.
Several research analysts recently commented on the title. Royal Bank of Canada raised its price target on ECN Capital shares from C$7.00 to C$7.50 and gave the stock an ‘sector performance’ rating in a Monday report May 16. Raymond James set a target price of C$7.00 on ECN Capital stock and gave the stock an “outperform” rating in a Wednesday, March 2, report. CIBC raised its price target on ECN Capital shares from C$7.00 to C$7.50 and gave the stock an “outperform” rating in a Thursday, March 3, report. TD Securities raised its target price on ECN Capital shares from C$7.50 to C$8.00 and gave the stock a “buy” rating in a Tuesday, May 10, report. Finally, BMO Capital Markets assumed coverage for ECN Capital stocks in a Wednesday, March 2 research note. They issued a “buy” rating and a price target of C$7.00 for the company.
In other news from ECN Capital, Director Karen Lynne Martin bought 15,000 shares in a trade that took place on Tuesday May 24th. The shares were acquired at an average cost of CA$5.89 per share, with a total value of CA$88,363.50. Following completion of the transaction, the administrator now owns 101,655 shares of the company, valued at C$598,839.44.
ECN Capital stock opened at C$6.28 on Friday. The stock has a market capitalization of C$1.55 billion and a PE ratio of 1.28. ECN Capital has a 12-month low of C$4.60 and a 12-month high of C$12.24. The company has a quick ratio of 1.12, a current ratio of 1.17 and a debt ratio of 167.26. The company has a 50-day moving average of C$6.11 and a 200-day moving average of C$6.68.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 30. Investors of record on Wednesday, June 15 will receive a dividend of $0.01 per share. This represents a dividend of $0.04 on an annualized basis and a yield of 0.64%. The ex-dividend date is Tuesday, June 14. ECN Capital’s dividend payout ratio is 1.13%.
About ECN Capital (Get a rating)
ECN Capital Corp. creates, manages and advises leading consumer credit portfolios in North America. It operates through secured consumer loans – Triad Financial Services and Source One; and Consumer Credit Cards and Related Unsecured Consumer Loans – KG segments. The company offers secured consumer loan portfolios, including loans for manufactured homes, marine and recreational vehicles; and consumer credit card wallets focused on co-branded credit cards and related financial products.
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