ECN Capital (TSE:ECN) Price Target Cut to C$2.00 by Analysts at TD Securities

ECN Capital (TSE:ECN) had its price target trimmed by TD Securities from C$2.75 to C$2.00 in a research note released on Friday, BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

ECN has been the topic of several other reports. CIBC cut their target price on shares of ECN Capital from C$3.00 to C$1.90 and set a neutral rating on the stock in a research note on Monday, March 25th. National Bankshares dropped their price target on ECN Capital from C$2.75 to C$2.00 and set a sector perform rating on the stock in a research report on Friday, March 22nd. BMO Capital Markets decreased their price objective on ECN Capital from C$2.60 to C$2.00 in a research report on Tuesday, March 26th. Finally, Royal Bank of Canada dropped their target price on ECN Capital from C$3.00 to C$2.25 and set a sector perform rating on the stock in a report on Friday, March 22nd. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of C$2.34.

ECN Capital Stock Performance

Shares of TSE ECN opened at C$1.80 on Friday. ECN Capital has a 52-week low of C$1.60 and a 52-week high of C$3.26. The stock has a market capitalization of C$503.91 million, a price-to-earnings ratio of -2.95, a PEG ratio of 0.24 and a beta of 1.22. The company has a quick ratio of 3.81, a current ratio of 11.69 and a debt-to-equity ratio of 447.65. The stock’s fifty day simple moving average is C$2.12 and its 200 day simple moving average is C$2.40.

ECN Capital (TSE:ECN) last posted 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). The firm had revenue of C$34.84 million for the quarter, compared to analysts’ expectations of C$56.43 million. ECN Capital had a negative net margin of 134.34% and a negative return on equity of 52.97%. As a group, sell-side analysts forecast that ECN Capital will post 0.1720841 earnings per share for the current fiscal year.

ECN Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 19th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 2.22%. The ex-dividend date was Monday, April 8th. ECN Capital’s payout ratio is currently -6.56%.

Insider Activity

In other news, Director Steven Kenneth Hudson purchased 200,000 shares of the stock in a transaction that occurred on Wednesday, March 27th. The stock was acquired at an average price of C$1.89 per share, with a total value of C$377,400.00. Insiders bought a total of 400,100 shares of company stock worth $721,019 in the last three months. 18.43% of the stock is owned by insiders.

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.