ECN Capital (TSE:ECN) Price Target Raised to C$3.50

ECN Capital (TSE:ECN) had its target price lifted by equities research analysts at CIBC from C$2.50 to C$3.50 in a research note issued on Thursday,BayStreet.CA reports. The brokerage presently has a “neutral” rating on the stock. CIBC’s price target would indicate a potential upside of 8.70% from the company’s previous close.

ECN has been the subject of several other research reports. Cormark lifted their target price on shares of ECN Capital from C$2.25 to C$3.50 and gave the stock a “moderate buy” rating in a research note on Tuesday, November 12th. National Bank Financial raised shares of ECN Capital from a “hold” rating to a “strong-buy” rating in a 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$2.68.

ECN Capital Stock Performance

ECN Capital stock traded up C$0.03 during trading on Thursday, hitting C$3.22. The stock had a trading volume of 9,655 shares, compared to its average volume of 121,140. The company has a quick ratio of 3.81, a current ratio of 10.77 and a debt-to-equity ratio of 383.08. The stock’s 50 day moving average is C$3.06 and its two-hundred day moving average is C$2.46. ECN Capital has a 1 year low of C$1.60 and a 1 year high of C$3.43. The stock has a market cap of C$905.21 million, a price-to-earnings ratio of -9.76, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35.

ECN Capital (TSE:ECN) last issued its quarterly earnings results on Thursday, November 7th. The company reported C$0.07 EPS for the quarter, beating analysts’ consensus estimates of C$0.05 by C$0.02. ECN Capital had a negative return on equity of 33.69% and a negative net margin of 55.01%. As a group, analysts predict that ECN Capital will post 0.2446449 EPS for the current year.

Insiders Place Their Bets

In related news, Director Steven Kenneth Hudson sold 20,300 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of C$2.91, for a total value of C$59,012.10. Corporate insiders own 18.31% 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.