Brokerages Set ECN Capital Corp (ECN) Target Price at $4.86

Shares of ECN Capital Corp (TSE:ECN) have been assigned an average rating of “Buy” from the seven research firms that are presently covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$4.86.

A number of research firms have recently issued reports on ECN. Raymond James Financial upped their price target on ECN Capital from C$4.75 to C$5.00 in a research report on Thursday, October 26th. CSFB upgraded ECN Capital from a “neutral” rating to an “outperform” rating and upped their price target for the company from C$4.50 to C$4.75 in a research report on Saturday, September 23rd. TD Securities dropped their price target on ECN Capital from C$5.00 to C$4.50 and set a “buy” rating for the company in a research report on Friday, December 15th. Finally, Royal Bank of Canada dropped their price target on ECN Capital from C$5.00 to C$4.50 and set an “outperform” rating for the company in a research report on Friday, December 15th.

ECN Capital (TSE:ECN) traded up C$0.09 during mid-day trading on Monday, hitting C$3.90. The stock had a trading volume of 711,000 shares, compared to its average volume of 1,500,000. The stock has a market capitalization of $1,490.00 and a price-to-earnings ratio of -30.00. ECN Capital has a 1-year low of C$2.97 and a 1-year high of C$4.40.

ECN Capital (TSE:ECN) last posted its quarterly earnings results on Tuesday, November 14th. The company reported C$0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.04 by C($0.01). ECN Capital had a negative net margin of 92.32% and a negative return on equity of 12.24%.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 15th. Investors of record on Friday, December 29th were given a $0.01 dividend. The ex-dividend date was Thursday, December 28th. This represents a $0.04 annualized dividend and a yield of 1.03%. ECN Capital’s payout ratio is -30.77%.

In other ECN Capital news, Director Steven Kenneth Hudson acquired 381,728 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was bought at an average cost of C$3.93 per share, for a total transaction of C$1,500,191.04. Also, insider Loreto Grimaldi acquired 127,243 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was acquired at an average price of C$3.93 per share, with a total value of C$500,064.99.

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ECN Capital Company Profile

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.

Analyst Recommendations for ECN Capital (TSE:ECN)

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