Cormark Lowers ECN Capital (TSE:ECN) Price Target to C$2.75

ECN Capital (TSE:ECN – Get Rating) had its price target reduced by equities researchers at Cormark from C$3.25 to C$2.75 in a research report issued on Wednesday, BayStreet.CA reports. Cormark’s price target would indicate a potential downside of 5.17% from the company’s current price. Cormark also issued estimates for ECN Capital’s Q2 2023 earnings at $0.07 EPS and FY2023 earnings at $0.23 EPS.

ECN has been the topic of several other reports. TD Securities downgraded shares of ECN Capital from a “buy” rating to a “hold” rating and decreased their price objective for the company from C$5.50 to C$4.00 in a report on Tuesday. CIBC upped their price objective on shares of ECN Capital from C$2.75 to C$3.50 in a report on Tuesday, April 25th. Royal Bank of Canada decreased their price objective on shares of ECN Capital from C$4.00 to C$3.50 and set a “sector perform” rating on the stock in a report on Thursday, March 23rd. Raymond James reduced their target price on shares of ECN Capital from C$5.50 to C$4.00 and set an “outperform” rating for the company in a research report on Thursday, March 23rd. Finally, National Bankshares reduced their target price on shares of ECN Capital from C$5.00 to C$4.50 and set an “outperform” rating for the company in a research report on Thursday, March 23rd. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, ECN Capital has an average rating of “Hold” and an average target price of C$3.78.

ECN Capital Price Performance

TSE ECN opened at C$2.90 on Wednesday. The company has a quick ratio of 3.81, a current ratio of 8.86 and a debt-to-equity ratio of 614.38. ECN Capital has a 12-month low of C$2.34 and a 12-month high of C$7.29. The company has a market capitalization of C$711.60 million, a PE ratio of 290.00, a price-to-earnings-growth ratio of 0.24 and a beta of 1.09. The firm’s 50 day moving average is C$3.07 and its 200-day moving average is C$3.03.

ECN Capital Company Profile

(Get Rating)

ECN Capital Corp. originates, manages, and advises on prime consumer credit portfolios in North America. It operates through Secured Consumer Loans – Triad Financial Services and Source One; and Consumer Credit Card and Related Unsecured Consumer Loans – KG segments. The company provides secured consumer loan portfolios, including manufactured home, marine, and recreational vehicle loans; and consumer credit card portfolios that are focused on co-branded credit cards and related financial products.