ECN Capital (TSE:ECN) Given New C$3.50 Price Target at Cormark

ECN Capital (TSE:ECN) had its price objective increased by Cormark from C$2.25 to C$3.50 in a research note published on Tuesday, Marketbeat Ratings reports. Cormark currently has a moderate buy rating on the stock. Cormark also issued estimates for ECN Capital’s FY2024 earnings at $0.15 EPS, FY2025 earnings at $0.25 EPS and FY2026 earnings at $0.36 EPS.

ECN has been the subject of several other research reports. BMO Capital Markets upped their price target on ECN Capital from C$2.00 to C$2.35 in a report on Friday, August 9th. CIBC raised their target price on ECN Capital from C$2.25 to C$2.50 in a research report on Friday, November 8th. National Bankshares increased their price objective on shares of ECN Capital from C$2.25 to C$2.50 in a research note on Thursday, August 8th. Finally, National Bank Financial upgraded shares of ECN Capital from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of C$2.52.

ECN Capital Price Performance

Shares of ECN Capital stock opened at C$3.00 on Tuesday. The company has a debt-to-equity ratio of 383.08, a current ratio of 10.77 and a quick ratio of 3.81. The company has a market cap of C$843.36 million, a PE ratio of -8.67, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35. The firm has a fifty day moving average price of C$2.23 and a two-hundred day moving average price of C$2.00. ECN Capital has a fifty-two week low of C$1.60 and a fifty-two week high of C$3.25.

ECN Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.04 annualized dividend and a dividend yield of 1.33%. ECN Capital’s dividend payout ratio is presently -12.12%.

Insiders Place Their Bets

In other ECN Capital news, Director Steven Kenneth Hudson sold 100,000 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of C$2.92, for a total value of C$292,300.00. Insiders own 18.31% of the company’s stock.

ECN Capital Company Profile

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.