ECN Capital (ECN) Price Target Raised to C$5.50 at CIBC

ECN Capital (TSE:ECN) had its target price lifted by CIBC from C$5.00 to C$5.50 in a research report sent to investors on Monday.

Other research analysts have also recently issued reports about the company. BMO Capital Markets reissued an outperform rating and set a C$5.20 price objective on shares of ECN Capital in a report on Thursday, April 12th. Scotiabank lifted their price objective on ECN Capital from C$4.75 to C$5.00 and gave the company an outperform rating in a report on Friday, May 11th. Raymond James cut their price objective on ECN Capital from C$5.00 to C$4.75 and set an outperform rating for the company in a report on Thursday, March 1st. TD Securities lifted their price objective on ECN Capital from C$4.75 to C$5.00 and gave the company a buy rating in a report on Friday, May 11th. Finally, CSFB reissued an outperform rating and set a C$5.00 price objective on shares of ECN Capital in a report on Wednesday, April 4th. Seven equities research analysts have rated the stock with a buy rating, The stock has a consensus rating of Buy and an average target price of C$5.08.

Shares of ECN Capital opened at C$3.57 on Monday, MarketBeat Ratings reports. ECN Capital has a one year low of C$3.00 and a one year high of C$4.40.

ECN Capital (TSE:ECN) last issued its earnings results on Thursday, May 10th. The company reported C$0.01 EPS for the quarter. The firm had revenue of C$58.13 million during the quarter, compared to the consensus estimate of C$46.00 million.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 13th. Shareholders of record on Friday, June 29th will be issued a dividend of $0.01 per share. The ex-dividend date is Thursday, June 28th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.12%.

In related news, insider Jr. Donald Frank Glisson acquired 350,000 shares of the business’s stock in a transaction on Friday, March 2nd. The stock was bought at an average cost of C$3.63 per share, with a total value of C$1,270,500.00.

About ECN Capital

ECN Capital Corp., an independent financial services company, originates, co-invests in, and manages asset-based financing and related service programs. The company operates through four segments: Home Improvement Finance, Manufactured Housing Finance, Rail Finance, and Aviation Finance. The Home Improvement Finance segment primarily provides prime and super-prime retail installment contracts to finance home improvement projects in the U.S.

Analyst Recommendations for ECN Capital (TSE:ECN)

Receive News & Ratings for ECN Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ECN Capital and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit