ECN Capital (TSE:ECN) Price Target Raised to C$3.50

ECN Capital (TSE:ECN) had its target price upped by Cormark from C$2.25 to C$3.50 in a research report sent to investors on Tuesday morning, MarketBeat reports. They currently have a moderate buy rating on the stock. Cormark also issued estimates for ECN Capital’s FY2024 earnings at $0.15 EPS and FY2026 earnings at $0.36 EPS.

Several other brokerages also recently issued reports on ECN. BMO Capital Markets increased their price objective on shares of ECN Capital from C$2.00 to C$2.35 in a research report on Friday, August 9th. National Bank Financial upgraded ECN Capital from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. National Bankshares lifted their price target on ECN Capital from C$2.25 to C$2.50 in a research note on Thursday, August 8th. Finally, CIBC upped their price objective on ECN Capital from C$2.25 to C$2.50 in a research report on Friday, November 8th. Five investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, ECN Capital has an average rating of “Hold” and a consensus target price of C$2.66.

ECN Capital Trading Down 1.7 %

TSE:ECN opened at C$2.90 on Tuesday. The company has a debt-to-equity ratio of 383.08, a current ratio of 10.77 and a quick ratio of 3.81. The business’s 50-day simple moving average is C$2.21 and its 200-day simple moving average is C$1.99. ECN Capital has a fifty-two week low of C$1.60 and a fifty-two week high of C$3.25. The stock has a market capitalization of C$815.25 million, a PE ratio of -8.94, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35.

ECN Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend is Friday, December 13th. ECN Capital’s dividend payout ratio (DPR) is presently -12.12%.

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.