ECN Capital Corp (TSE:ECN) has been given a consensus rating of “Buy” by the eight brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$5.03.
Several brokerages have recently weighed in on ECN. BMO Capital Markets raised their price target on shares of ECN Capital from C$5.00 to C$5.50 and gave the stock an “outperform” rating in a research note on Thursday, January 31st. Raymond James cut shares of ECN Capital from an “outperform” rating to a “market perform” rating and raised their price target for the stock from C$4.00 to C$4.50 in a research note on Friday, March 1st. Royal Bank of Canada raised their target price on shares of ECN Capital from C$4.75 to C$5.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. National Bank Financial raised their target price on shares of ECN Capital from C$4.50 to C$5.00 and gave the company an “outperform” rating in a research note on Thursday, February 28th. Finally, Cormark raised their target price on shares of ECN Capital from C$4.50 to C$5.25 in a research note on Monday, February 4th.
ECN stock traded down C$0.01 during mid-day trading on Wednesday, hitting C$4.21. 78,258 shares of the company were exchanged, compared to its average volume of 719,123. The company has a debt-to-equity ratio of 30.86, a quick ratio of 3.12 and a current ratio of 4.83. The company has a market capitalization of $991.10 million and a P/E ratio of -8.40. ECN Capital has a 1-year low of C$3.13 and a 1-year high of C$4.48.
ECN Capital (TSE:ECN) last announced its earnings results on Thursday, February 28th. The company reported C$0.05 EPS for the quarter, missing the consensus estimate of C$0.06 by C($0.01). The business had revenue of C$67.38 million for the quarter, compared to analysts’ expectations of C$79.17 million. Analysts forecast that ECN Capital will post 0.330000030961101 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This is a boost from ECN Capital’s previous quarterly dividend of $0.01. This represents a $0.08 annualized dividend and a dividend yield of 1.90%. ECN Capital’s dividend payout ratio (DPR) is currently -6.09%.
ECN Capital Company Profile
ECN Capital Corp. originates, manages, and advises on prime consumer credit portfolios primarily in the United States. The company operates through Service Finance – Unsecured Consumer Loans; Triad – Secured Consumer Loans; and Kessler Consumer Credit Cards segments. It provides prime credit portfolio solutions that include unsecured consumer loan portfolios, including home improvement loans; secured consumer loan portfolios, such as manufactured home loans; and consumer credit card portfolios.
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