Analysts’ Weekly Ratings Updates for ECN Capital (ECN)

ECN Capital (TSE: ECN) recently received a number of ratings updates from brokerages and research firms:

• 5/17/2023 – ECN Capital was downgraded by analysts at Raymond James from an “outperform” rating to a “market perform” rating. They now have a C$3.00 price target on the stock, down previously from C$4.00.
• 5/17/2023 – ECN Capital had its price target lowered by analysts at Cormark from C$3.25 to C$2.75.
• 5/16/2023 – ECN Capital was downgraded by analysts at TD Securities from a “buy” rating to a “hold” rating. They now have a C$4.00 price target on the stock, down previously from C$5.50.
• 5/9/2023 – ECN Capital was downgraded by analysts at Cormark from a “buy” rating to a “market perform” rating. They now have a C$3.25 price target on the stock, down previously from C$4.00.
• 4/25/2023 – ECN Capital had its price target raised by analysts at CIBC from C$2.75 to C$3.50.

ECN Capital Stock Up 4.1 %

TSE:ECN traded up C$0.12 on Friday, reaching C$3.05. The stock had a trading volume of 366,618 shares, compared to its average volume of 1,436,825. The company has a current ratio of 8.86, a quick ratio of 3.81 and a debt-to-equity ratio of 614.38. The company has a 50-day moving average of C$3.01 and a 200 day moving average of C$3.00. The stock has a market cap of C$748.41 million, a P/E ratio of 305.00, a price-to-earnings-growth ratio of 0.24 and a beta of 1.09. ECN Capital Corp. has a 12-month low of C$2.34 and a 12-month high of C$7.29.

ECN Capital (TSE:ECN – Get Rating) last announced its quarterly earnings results on Wednesday, March 22nd. The company reported C$0.03 EPS for the quarter, missing the consensus estimate of C$0.04 by C($0.01). ECN Capital had a negative net margin of 5.89% and a negative return on equity of 6.35%. The firm had revenue of C$71.23 million during the quarter, compared to analyst estimates of C$71.28 million. On average, research analysts predict that ECN Capital Corp. will post 0.2686567 earnings per share for the current year.

ECN Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 15th will be paid a dividend of $0.01 per share. The ex-dividend date is Wednesday, June 14th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.31%. ECN Capital’s dividend payout ratio is presently 400.00%.

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.