National Bank Financial Equities Analysts Lift Earnings Estimates for ECN Capital Corp (ECN)

ECN Capital Corp (TSE:ECN) – Research analysts at National Bank Financial raised their Q4 2017 earnings per share (EPS) estimates for ECN Capital Corp in a report issued on Thursday. National Bank Financial analyst J. Gloyn now forecasts that the company will post earnings of $0.06 per share for the quarter, up from their prior estimate of $0.04. National Bank Financial has a “Outperform” rating and a $5.00 price objective on the stock. National Bank Financial also issued estimates for ECN Capital Corp’s Q1 2018 earnings at $0.07 EPS.

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Several other research firms have also recently commented on ECN. Royal Bank Of Canada raised their price target on ECN Capital Corp from C$4.50 to C$5.00 and gave the company an “outperform” rating in a report on Friday, June 9th. TD Securities reissued a “buy” rating and issued a C$5.00 price target on shares of ECN Capital Corp in a report on Wednesday, May 3rd. Raymond James Financial, Inc. raised their price target on ECN Capital Corp from C$4.40 to C$4.75 and gave the company an “outperform” rating in a report on Friday, May 12th. CIBC raised their price target on ECN Capital Corp from C$4.50 to C$5.00 in a report on Monday, June 12th. Finally, Scotiabank reduced their price target on ECN Capital Corp from C$4.60 to C$4.50 and set an “outperform” rating for the company in a report on Friday, May 12th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$4.66.

ECN Capital Corp (TSE:ECN) opened at 3.86 on Monday. ECN Capital Corp has a 52 week low of $2.60 and a 52 week high of $4.11. The stock’s 50 day moving average price is $3.97 and its 200 day moving average price is $3.63. The firm has a market capitalization of $1.50 billion and a P/E ratio of 5.29.

In other news, Director Paul James Stoyan acquired 17,100 shares of ECN Capital Corp stock in a transaction that occurred on Monday, May 15th. The stock was purchased at an average cost of C$3.78 per share, with a total value of C$64,638.00. Also, insider Loreto Grimaldi acquired 234,221 shares of ECN Capital Corp stock in a transaction that occurred on Monday, May 15th. The shares were purchased at an average cost of C$3.78 per share, with a total value of C$885,355.38. Over the last ninety days, insiders have purchased 617,178 shares of company stock valued at $2,398,481.

About ECN Capital Corp

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.

Earnings History and Estimates for ECN Capital Corp (TSE:ECN)

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