ECN Capital Corp (TSE:ECN) – Investment analysts at National Bank Financial lowered their Q3 2017 earnings per share estimates for shares of ECN Capital Corp in a note issued to investors on Thursday. National Bank Financial analyst J. Gloyn now forecasts that the company will earn $0.03 per share for the quarter, down from their previous forecast of $0.04. National Bank Financial also issued estimates for ECN Capital Corp’s Q4 2017 earnings at $0.04 EPS and FY2017 earnings at $0.14 EPS.
Several other equities research analysts also recently issued reports on ECN. Scotiabank increased their price objective on shares of ECN Capital Corp from C$4.50 to C$5.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 9th. TD Securities lowered their price objective on shares of ECN Capital Corp from C$5.00 to C$4.75 and set a “buy” rating for the company in a research report on Thursday, August 10th. CSFB raised shares of ECN Capital Corp from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from C$4.50 to C$4.75 in a research report on Saturday, September 23rd. Finally, Raymond James Financial, Inc. increased their price objective on shares of ECN Capital Corp from C$4.75 to C$5.00 in a research report on Thursday, October 26th. Six analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average price target of C$5.00.
Shares of ECN Capital Corp (TSE ECN) opened at 4.25 on Monday. ECN Capital Corp has a 52 week low of $2.60 and a 52 week high of $4.27. The firm’s 50 day moving average is $3.94 and its 200-day moving average is $3.86. The firm has a market cap of $1.65 billion and a price-to-earnings ratio of 5.93.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.94%. The ex-dividend date was Thursday, September 28th.
In other ECN Capital Corp news, Director Donna Elizabeth Toth bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was acquired at an average price of C$3.93 per share, with a total value of C$39,300.00. Also, Director Paul James Stoyan sold 35,000 shares of the firm’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of C$3.80, for a total transaction of C$133,000.00. Insiders have bought 112,800 shares of company stock valued at $438,130 in the last three months.
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.
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