TD Securities Trims ECN Capital (TSE:ECN) Target Price to C$2.00

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

A number of other equities analysts have also recently commented on ECN. National Bankshares reduced their price objective 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. Royal Bank of Canada reduced their target price 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 report on Friday, March 22nd. CIBC reduced their target price on shares of 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. Finally, BMO Capital Markets cut their price objective on shares of ECN Capital from C$2.60 to C$2.00 in a research report on Tuesday, March 26th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$2.34.

ECN Capital Stock Performance

ECN remained flat at C$1.80 during trading on Friday. 90,293 shares of the company were exchanged, compared to its average volume of 373,631. The company has a market cap of C$503.91 million, a PE ratio of -3.00, a P/E/G ratio of 0.24 and a beta of 1.22. ECN Capital has a fifty-two week low of C$1.60 and a fifty-two week high of C$3.26. The business’s fifty day moving average price is C$2.14 and its 200 day moving average price is C$2.40. The company has a debt-to-equity ratio of 447.65, a quick ratio of 3.81 and a current ratio of 11.69.

ECN Capital (TSE:ECN) last released its quarterly earnings data on Thursday, March 21st. The company reported C($0.07) EPS for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.06). ECN Capital had a negative return on equity of 52.97% and a negative net margin of 134.34%. The company had revenue of C$34.84 million for the quarter, compared to the consensus estimate of C$56.43 million. Equities research analysts predict that ECN Capital will post 0.1698944 earnings per share for the current fiscal year.

Insider Activity

In related news, Director William Wayne Lovatt bought 200,000 shares of ECN Capital stock in a transaction on Monday, March 25th. The stock was acquired at an average price of C$1.71 per share, with a total value of C$342,000.00. Insiders acquired a total of 400,100 shares of company stock valued at $721,019 in the last ninety days. 18.42% of the stock is currently owned by insiders.

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.