ECN Capital (ECN) Price Target Increased to C$5.25 by Analysts at Cormark

ECN Capital (TSE:ECN) had its price target hoisted by Cormark from C$4.50 to C$5.25 in a research note published on Monday. Cormark also issued estimates for ECN Capital’s Q4 2018 earnings at $0.04 EPS, Q1 2019 earnings at $0.05 EPS, Q2 2019 earnings at $0.08 EPS, Q3 2019 earnings at $0.09 EPS, Q4 2019 earnings at $0.09 EPS, FY2019 earnings at $0.31 EPS, Q1 2020 earnings at $0.09 EPS, Q2 2020 earnings at $0.12 EPS, Q3 2020 earnings at $0.14 EPS, Q4 2020 earnings at $0.12 EPS and FY2020 earnings at $0.47 EPS.

ECN has been the subject of a number of other research reports. BMO Capital Markets boosted their price objective on ECN Capital from C$5.00 to C$5.50 and gave the company an outperform rating in a report on Thursday, January 31st. Royal Bank of Canada boosted their price objective on ECN Capital from C$4.50 to C$4.75 and gave the company an outperform rating in a report on Monday, December 3rd. CIBC dropped their price objective on ECN Capital from C$5.25 to C$5.00 in a report on Monday, January 14th. National Bank Financial dropped their price objective on ECN Capital from C$5.00 to C$4.50 and set an outperform rating for the company in a report on Tuesday, November 13th. Finally, Raymond James set a C$4.00 target price on ECN Capital and gave the company an outperform rating in a research report on Thursday, January 31st. Seven equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of Buy and an average price target of C$4.89.

ECN opened at C$3.90 on Monday. ECN Capital has a 52-week low of C$3.13 and a 52-week high of C$3.95. The company has a debt-to-equity ratio of 52.39, a current ratio of 3.74 and a quick ratio of 1.97. The firm has a market cap of $929.75 million and a P/E ratio of 26.00.

ECN Capital (TSE:ECN) last posted its quarterly earnings data on Monday, November 12th. The company reported C$0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.08 by C($0.01). The company had revenue of C$85.63 million during the quarter, compared to the consensus estimate of C$65.00 million. As a group, research analysts forecast that ECN Capital will post 0.259999982666668 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date was Friday, December 28th. ECN Capital’s dividend payout ratio (DPR) is presently 26.67%.

In other news, Director William Wayne Lovatt bought 100,000 shares of the firm’s stock in a transaction on Thursday, November 15th. The stock was acquired at an average cost of C$3.27 per share, with a total value of C$327,000.00. Also, Director Paul James Stoyan bought 24,000 shares of the firm’s stock in a transaction on Thursday, November 22nd. The shares were purchased at an average cost of C$3.26 per share, with a total value of C$78,240.00.

ECN Capital Company Profile

ECN Capital Corp., an independent financial services company, originates, co-invests in, and manages asset-based financing and related service programs. The company operates through four segments: Home Improvement Finance, Manufactured Housing Finance, Rail Finance, and Aviation Finance. The Home Improvement Finance segment primarily provides prime and super-prime retail installment contracts to finance home improvement projects in the United States.

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Analyst Recommendations for ECN Capital (TSE:ECN)

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