ECN Capital (TSE:ECN) Price Target Raised to C$2.50 at National Bankshares

ECN Capital (TSE:ECN) had its price target lifted by National Bankshares from C$2.25 to C$2.50 in a report published on Thursday, BayStreet.CA reports.

Several other equities analysts have also weighed in on ECN. TD Securities cut their price target on ECN Capital from C$2.75 to C$2.00 and set a hold rating for the company in a research note on Friday, May 3rd. CIBC boosted their price objective on ECN Capital from C$1.90 to C$2.00 in a research report on Friday, May 10th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, ECN Capital has an average rating of Hold and an average price target of C$2.48.

ECN Capital Trading Down 2.3 %

ECN Capital stock opened at C$2.11 on Thursday. The company has a current ratio of 11.69, a quick ratio of 3.81 and a debt-to-equity ratio of 447.65. The firm has a market cap of C$593.16 million, a PE ratio of -3.52, a P/E/G ratio of 0.24 and a beta of 1.25. The stock’s 50 day simple moving average is C$1.85 and its two-hundred day simple moving average is C$2.07. ECN Capital has a 12 month low of C$1.60 and a 12 month high of C$3.10.

ECN Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th will be paid a dividend of $0.01 per share. The ex-dividend date is Friday, September 13th. This represents a $0.04 annualized dividend and a yield of 1.90%. ECN Capital’s dividend payout ratio (DPR) is currently -6.67%.

Insider Buying and Selling at ECN Capital

In other news, Director Karen Lynne Martin acquired 25,000 shares of the firm’s stock in a transaction on Friday, May 17th. The shares were bought at an average price of C$1.88 per share, for a total transaction of C$46,887.50. Insiders own 18.43% 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.