ECN Capital Corp. (TSE:ECN – Get Rating) has earned a consensus recommendation of "Moderate Buy" from the ten analysts that are covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$8.48.
ECN has been the subject of a number of recent research reports. Royal Bank of Canada increased their price target on shares of ECN Capital from C$7.50 to C$8.00 and gave the stock a "sector perform" rating in a research note on Monday, August 15th. CIBC increased their price target on shares of ECN Capital from C$7.50 to C$8.75 and gave the stock an "outperform" rating in a research note on Friday, August 12th. National Bankshares increased their price target on shares of ECN Capital from C$8.00 to C$8.50 and gave the stock an "outperform" rating in a research note on Friday, August 12th. TD Securities increased their price target on shares of ECN Capital from C$8.00 to C$8.50 and gave the stock a "buy" rating in a research note on Tuesday, August 9th. Finally, Cormark decreased their price target on shares of ECN Capital from C$8.25 to C$7.50 in a research note on Friday, August 26th.
Get ECN Capital alerts:Insider Activity at ECN Capital
In related news, Senior Officer Michael Shane Lepore acquired 25,000 shares of ECN Capital stock in a transaction that occurred on Friday, August 26th. The stock was purchased at an average price of C$5.85 per share, for a total transaction of C$146,297.50. Following the completion of the purchase, the insider now directly owns 614,347 shares of the company's stock, valued at C$3,595,097.21. In related news, Senior Officer Michael Shane Lepore acquired 25,000 shares of ECN Capital stock in a transaction that occurred on Friday, August 26th. The stock was purchased at an average price of C$5.85 per share, for a total transaction of C$146,297.50. Following the completion of the purchase, the insider now directly owns 614,347 shares of the company's stock, valued at C$3,595,097.21. Also, Director Steven Kenneth Hudson acquired 135,000 shares of ECN Capital stock in a transaction that occurred on Friday, August 26th. The stock was bought at an average price of C$5.88 per share, with a total value of C$794,434.50. Following the purchase, the director now directly owns 11,413,828 shares of the company's stock, valued at C$67,166,953.63. Insiders purchased 220,391 shares of company stock worth $1,287,335 over the last 90 days.
ECN Capital Trading Up 2.0 %
TSE ECN opened at C$5.19 on Tuesday. The company has a debt-to-equity ratio of 365.53, a current ratio of 3.73 and a quick ratio of 3.62. The firm's fifty day moving average price is C$5.88 and its 200 day moving average price is C$6.01. The company has a market capitalization of C$1.28 billion and a price-to-earnings ratio of 51.90. ECN Capital has a 12 month low of C$4.60 and a 12 month high of C$12.24.
ECN Capital (TSE:ECN – Get Rating) last posted its earnings results on Thursday, August 11th. The company reported C$0.11 EPS for the quarter, beating analysts' consensus estimates of C$0.09 by C$0.02. The company had revenue of C$104.10 million during the quarter, compared to analysts' expectations of C$99.06 million. On average, sell-side analysts expect that ECN Capital will post 0.44 earnings per share for the current fiscal year.
ECN Capital Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Monday, October 3rd will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.77%. The ex-dividend date is Wednesday, September 14th. ECN Capital's dividend payout ratio (DPR) is presently 39.29%.
About ECN Capital
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ECN Capital Corp. originates, manages, and advises on prime consumer credit portfolios in North America. It operates through Secured Consumer Loans – Triad Financial Services and Source One; and Consumer Credit Card and Related Unsecured Consumer Loans – KG segments. The company provides secured consumer loan portfolios, including manufactured home, marine, and recreational vehicle loans; and consumer credit card portfolios that are focused on co-branded credit cards and related financial products.
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