ECN Capital Corp. (TSE:ECN) Receives Consensus Recommendation of “Hold” from Brokerages

ECN Capital Corp. (TSE:ECN) has earned an average recommendation of “Hold” from the seven ratings firms that are presently covering the firm, Marketbeat reports. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$2.45.

ECN has been the subject of a number of research analyst reports. National Bankshares reduced their target price on ECN Capital from C$2.75 to C$2.00 and set a “sector perform” rating for the company in a report on Friday, March 22nd. CIBC lowered their price target 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, March 25th. Royal Bank of Canada decreased their target price on 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 decreased their price target on ECN Capital from C$3.00 to C$2.75 and set a “hold” rating for the company in a report on Friday, March 22nd. Finally, BMO Capital Markets cut their target price on ECN Capital from C$2.60 to C$2.00 in a research report on Tuesday, March 26th.

Insider Buying and Selling at ECN Capital

In other ECN Capital news, Director Steven Kenneth Hudson acquired 200,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The shares were purchased at an average price of C$1.89 per share, for a total transaction of C$377,400.00. Insiders bought a total of 400,100 shares of company stock valued at $721,019 in the last ninety days. Insiders own 18.42% of the company’s stock.

ECN Capital Price Performance

Shares of ECN stock opened at C$1.74 on Wednesday. The stock has a market capitalization of C$487.11 million, a price-to-earnings ratio of -2.90, a P/E/G ratio of 0.24 and a beta of 1.22. The company has a current ratio of 11.69, a quick ratio of 3.81 and a debt-to-equity ratio of 447.65. ECN Capital has a twelve month low of C$1.60 and a twelve month high of C$3.38. The stock has a fifty day simple moving average of C$2.37 and a two-hundred day simple moving average of C$2.45.

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. On average, analysts predict that ECN Capital will post 0.1698944 EPS for the current fiscal year.

ECN Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 19th. Investors of record on Friday, April 19th will be issued a $0.01 dividend. The ex-dividend date is Monday, April 8th. This represents a $0.04 annualized dividend and a yield of 2.30%. ECN Capital’s dividend payout ratio is currently -6.67%.

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.