ECN Capital (TSE:ECN) Price Target Cut to C$2.00 by Analysts at BMO Capital Markets

ECN Capital (TSE:ECNFree Report) had its target price lowered by BMO Capital Markets from C$2.60 to C$2.00 in a report released on Tuesday morning, BayStreet.CA reports.

Several other equities research analysts have also issued reports on ECN. CIBC decreased their target price on ECN Capital from C$3.00 to C$1.90 and set a neutral rating for the company in a research report on Monday. Royal Bank of Canada decreased their price objective on shares of ECN Capital from C$3.00 to C$2.25 and set a sector perform rating for the company in a report on Friday, March 22nd. TD Securities dropped their target price on shares of ECN Capital from C$3.00 to C$2.75 and set a hold rating on the stock in a research note on Friday, March 22nd. Finally, National Bankshares cut their price target on ECN Capital from C$2.75 to C$2.00 and set a sector perform rating for the company in a research note on Friday, March 22nd. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, ECN Capital presently has a consensus rating of Hold and a consensus price target of C$2.45.

Get Our Latest Analysis on ECN Capital

ECN Capital Stock Performance

ECN stock opened at C$1.83 on Tuesday. The company has a quick ratio of 3.81, a current ratio of 11.69 and a debt-to-equity ratio of 447.65. The firm has a market cap of C$512.31 million, a PE ratio of -3.10, a P/E/G ratio of 0.24 and a beta of 1.29. The business has a 50 day moving average of C$2.63 and a 200-day moving average of C$2.50. ECN Capital has a 12-month low of C$1.60 and a 12-month high of C$3.38.

ECN Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 19th. Stockholders of record on Tuesday, April 9th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 2.19%. The ex-dividend date is Monday, April 8th. ECN Capital’s dividend payout ratio is presently -6.78%.

Insider Transactions at ECN Capital

In other news, Director William Wayne Lovatt purchased 200,000 shares of the business’s stock in a transaction on Monday, March 25th. The stock was purchased at an average cost of C$1.71 per share, with a total value of C$342,000.00. Insiders own 17.99% of the company’s stock.

About ECN Capital

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ECN Capital Corp. originates, manages, and advises on credit assets on behalf of its partners in North America. It operates through two segments, Manufactured Housing Finance; and Recreational Vehicle and Marine Finance. The company provides consumer loans, including manufactured housing, recreational vehicle, and marine loans; and commercial loans, such as inventory finance or floorplan loans.

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Analyst Recommendations for ECN Capital (TSE:ECN)

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