ECN Capital Corp (ECN) Price Target Cut to C$4.50

ECN Capital Corp (TSE:ECN) had its price objective lowered by Scotiabank from C$4.60 to C$4.50 in a research note published on Friday, May 12th. Scotiabank currently has an outperform rating on the stock.

Other equities research analysts have also recently issued reports about the stock. National Bank Financial boosted their price objective on shares of ECN Capital Corp from C$4.25 to C$4.75 in a research report on Wednesday, February 22nd. Royal Bank Of Canada boosted their price objective on shares of ECN Capital Corp from C$4.25 to C$4.50 and gave the company an outperform rating in a research report on Wednesday, February 22nd. Raymond James Financial, Inc. reissued an outperform rating and set a C$4.40 price target on shares of ECN Capital Corp in a research report on Monday, March 20th. Finally, TD Securities reissued a buy rating and set a C$5.00 price target on shares of ECN Capital Corp in a research report on Wednesday, May 3rd. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. ECN Capital Corp has a consensus rating of Buy and a consensus price target of C$4.66.

Shares of ECN Capital Corp (TSE:ECN) remained flat at $3.99 during mid-day trading on Friday. The company’s stock had a trading volume of 1,426,901 shares. ECN Capital Corp has a 52-week low of $2.60 and a 52-week high of $4.11. The firm has a market capitalization of $1.55 billion and a P/E ratio of 5.47. The firm has a 50 day moving average price of $3.73 and a 200-day moving average price of $3.44.

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In related news, Director Pierre Lortie purchased 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The shares were acquired at an average price of C$25.00 per share, for a total transaction of C$50,000.00. Also, Director William Wayne Lovatt purchased 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 23rd. The stock was bought at an average price of C$3.42 per share, for a total transaction of C$342,000.00. Over the last ninety days, insiders bought 717,178 shares of company stock worth $2,740,481.

ECN Capital Corp Company Profile

ECN Capital Corp is a Canada-based independent commercial finance company. The Company operates across North America in the following verticals of the commercial finance market: Rail Finance, Commercial and Vendor (C&V) Finance, and Commercial Aviation Finance. Through its C&V vertical, the Company provides financing and leasing solutions to manufacturers, dealers, distributors and end-users of capital equipment across a range of industries such as food service, transportation, construction, manufacturing, healthcare, office equipment and technology products.

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