CIBC Issues Positive Forecast for ECN Capital (TSE:ECN) Stock Price

ECN Capital (TSE:ECN) had its price objective increased by CIBC from C$2.50 to C$3.50 in a research note published on Thursday morning,BayStreet.CA reports. CIBC currently has a neutral rating on the stock.

ECN has been the topic of several other research reports. National Bank Financial raised ECN Capital from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. Cormark lifted their price target on ECN Capital from C$2.25 to C$3.50 and gave the stock a “moderate buy” rating in a research report on Tuesday, November 12th. Four investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of C$2.68.

ECN Capital Stock Performance

Shares of ECN opened at C$3.20 on Thursday. The company has a debt-to-equity ratio of 383.08, a quick ratio of 3.81 and a current ratio of 10.77. ECN Capital has a 1 year low of C$1.60 and a 1 year high of C$3.43. The stock has a market capitalization of C$899.58 million, a PE ratio of -9.70, a PEG ratio of 0.24 and a beta of 1.35. The stock has a 50-day simple moving average of C$3.06 and a 200-day simple moving average of C$2.46.

ECN Capital (TSE:ECN) last issued its earnings results on Thursday, November 7th. The company reported C$0.07 earnings per share for the quarter, topping the consensus estimate of C$0.05 by C$0.02. ECN Capital had a negative return on equity of 33.69% and a negative net margin of 55.01%. On average, analysts predict that ECN Capital will post 0.2446449 earnings per share for the current fiscal year.

ECN Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date was Friday, December 13th. ECN Capital’s payout ratio is currently -12.12%.

Insider Activity

In other news, Director Steven Kenneth Hudson sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of C$2.92, for a total value of C$292,300.00. Corporate insiders own 18.31% of the company’s stock.

About ECN Capital

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.