ECN Capital (TSE:ECN – Free Report) had its target price lowered by CIBC from C$3.00 to C$1.90 in a research report released on Monday morning, BayStreet.CA reports. The brokerage currently has a neutral rating on the stock.
Several other analysts also recently issued reports on ECN. Royal Bank of Canada decreased 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 research note on Friday, March 22nd. National Bankshares dropped their target price on shares of ECN Capital from C$2.75 to C$2.00 and set a sector perform rating for the company in a research report on Friday, March 22nd. Finally, TD Securities reduced their price target on shares of ECN Capital from C$3.00 to C$2.75 and set a hold rating on the stock in a report on Friday, March 22nd. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Hold and a consensus price target of C$2.45.
View Our Latest Stock Analysis on ECN Capital
ECN Capital Trading Up 4.4 %
ECN Capital Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 19th. Shareholders of record on Friday, April 19th will be paid a $0.01 dividend. The ex-dividend date is Monday, April 8th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 2.09%. ECN Capital’s payout ratio is currently -6.78%.
Insider Activity
In other news, Director William Wayne Lovatt bought 200,000 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The stock was bought at an average price of C$1.71 per share, with a total value of C$342,000.00. Corporate insiders own 17.99% 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 through two segments, Manufactured Housing Finance; and Recreational Vehicle and Marine Finance. The company provides consumer loans, including manufactured housing, recreational vehicle, and marine loans; and commercial loans, such as inventory finance or floorplan loans.
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