ECN Capital (TSE:ECN) Given New C$2.00 Price Target at TD Securities

ECN Capital (TSE:ECN - Free Report) had its price target decreased by TD Securities from C$2.75 to C$2.00 in a report published on Friday, BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

ECN has been the topic of a number of other reports. CIBC cut their price target on ECN Capital from C$3.00 to C$1.90 and set a neutral rating on the stock in a research note on Monday, March 25th. National Bankshares dropped their price target 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 note on Friday, March 22nd. Royal Bank of Canada reduced their price objective on shares of 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. Finally, BMO Capital Markets decreased their price target on shares of ECN Capital from C$2.60 to C$2.00 in a research note on Tuesday, March 26th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, ECN Capital currently has an average rating of Hold and an average target price of C$2.34.

ECN Capital Stock Performance

Shares of ECN Capital stock remained flat at C$1.80 on Friday. 90,145 shares of the stock were exchanged, compared to its average volume of 373,631. The company has a debt-to-equity ratio of 447.65, a quick ratio of 3.81 and a current ratio of 11.69. The stock has a market cap of C$503.91 million, a price-to-earnings ratio of -2.95, a PEG ratio of 0.24 and a beta of 1.22. The firm's 50 day simple moving average is C$2.14 and its 200 day simple moving average is C$2.40. ECN Capital has a 12 month low of C$1.60 and a 12 month high of C$3.26.

ECN Capital (TSE:ECN - Get Free Report) last posted its quarterly earnings results on Thursday, March 21st. The company reported C($0.07) EPS for the quarter, missing analysts' consensus estimates of C($0.01) by C($0.06). The business had revenue of C$34.84 million for the quarter, compared to analyst estimates of C$56.43 million. ECN Capital had a negative return on equity of 52.97% and a negative net margin of 134.34%. On average, equities research analysts expect that ECN Capital will post 0.1720841 EPS for the current fiscal year.

ECN Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 19th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date was Monday, April 8th. ECN Capital's payout ratio is presently -6.56%.

Insider Transactions at ECN Capital

In related news, Director Steven Kenneth Hudson acquired 200,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 27th. The shares were bought at an average cost of C$1.89 per share, for a total transaction of C$377,400.00. Over the last ninety days, insiders have bought 400,100 shares of company stock valued at $721,019. 18.43% of the stock is currently owned by corporate insiders.

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.