ECN Capital (TSE:ECN) PT Lowered to C$2.00

ECN Capital (TSE:ECN) had its target price decreased by TD Securities from C$2.75 to C$2.00 in a report issued on Friday, BayStreet.CA reports. The firm currently has a “hold” rating on the stock. TD Securities’ price target indicates a potential upside of 11.11% from the company’s current price.

Several other brokerages have also recently commented on ECN. 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 research note on Friday, March 22nd. National Bankshares decreased their target price on shares of ECN Capital from C$2.75 to C$2.00 and set a “sector perform” rating for the company in a research report on Friday, March 22nd. CIBC cut their price target on ECN Capital from C$3.00 to C$1.90 and set a “neutral” rating on the stock in a research report on Monday, March 25th. Finally, BMO Capital Markets decreased their price objective on ECN Capital from C$2.60 to C$2.00 in a report on Tuesday, March 26th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, ECN Capital presently has an average rating of “Hold” and a consensus price target of C$2.34.

ECN Capital Stock Performance

Shares of ECN Capital stock opened at C$1.80 on Friday. The company has a quick ratio of 3.81, a current ratio of 11.69 and a debt-to-equity ratio of 447.65. ECN Capital has a 52 week low of C$1.60 and a 52 week high of C$3.26. The firm has a market capitalization of C$503.91 million, a P/E ratio of -2.95, a PEG ratio of 0.24 and a beta of 1.22. The company has a 50 day moving average price of C$2.12 and a 200 day moving average price of C$2.40.

ECN Capital (TSE:ECN) last announced its quarterly earnings data on Thursday, March 21st. The company reported C($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.06). ECN Capital had a negative net margin of 134.34% and a negative return on equity of 52.97%. The firm had revenue of C$34.84 million during the quarter, compared to analyst estimates of C$56.43 million. Sell-side analysts expect that ECN Capital will post 0.1720841 EPS for the current year.

Insider Activity

In other ECN Capital news, Director Steven Kenneth Hudson purchased 200,000 shares of ECN Capital stock in a transaction that occurred on Wednesday, March 27th. The stock was bought at an average price of C$1.89 per share, with a total value of C$377,400.00. Insiders have acquired 400,100 shares of company stock worth $721,019 in the last ninety days. Company insiders own 18.43% of the company’s stock.

About ECN Capital

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