ECN Capital Corp. (TSE: ECN- Get a rating) has been assigned a “Moderate Buy” average rating by the ten brokerages that currently cover the business, MarketBeat reports. One research analyst gave the stock a hold rating and six gave the company a buy rating. The average 1-year target price among brokerages that updated their coverage on the stock in the past year is CA$8.48.
A number of brokerages have published reports on ECN. Raymond James cut his price target on ECN Capital from CA$8.00 to CA$7.50 and set an “outperform” rating for the company in a Thursday, August 25 research note. CIBC raised its price target on ECN Capital shares from C$7.50 to C$8.75 and gave the company an “outperform” rating in a report released Friday, August 12. National Bankshares raised its price target on ECN Capital shares from CA$8.00 to CA$8.50 and gave the company an “outperform” rating in a Friday, August 12, report. Cormark lowered its price target on ECN Capital shares from C$8.25 to C$7.50 in a Friday, August 26 report. Finally, BMO Capital Markets lowered its price target on ECN Capital shares from C$8.00 to C$7.50 in a Friday, August 26 report.
ECN Capital Trading up 2.0%
TSE:ECN opened at C$5.19 on Tuesday. The company has a debt ratio of 365.53, a current ratio of 3.73 and a quick ratio of 3.62. The company has a market capitalization of C$1.28 billion and a price-to-earnings ratio of 51.90. ECN Capital has a 1-year low of C$4.60 and a 1-year high of C$12.24. The company has a 50-day moving average price of C$5.88 and a 200-day moving average price of C$6.01.
ECN Capital (TSE:ECN – Get a rating) last released its quarterly earnings data on Thursday, August 11. The company reported EPS of C$0.11 for the quarter, beating the consensus estimate of C$0.09 by C$0.02. The company posted revenue of C$104.10 million in the quarter, compared to C$99.06 million expected by analysts. Sell-side analysts expect ECN Capital to post EPS of 0.44 for the current year.
ECN Capital Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, October 3. Shareholders of record on Monday, October 3 will receive a dividend of $0.01 per share. The ex-dividend date is Wednesday, September 14. This represents an annualized dividend of $0.04 and a dividend yield of 0.77%. ECN Capital’s payout ratio is currently 39.29%.
Insider Trading at ECN Capital
Separately, director Steven Kenneth Hudson acquired 135,000 shares in a transaction dated Friday, August 26. The shares were acquired at an average cost of CA$5.88 per share, for a total transaction of CA$794,434.50. Following the completion of the purchase, the administrator now owns 11,413,828 shares of the company, valued at approximately C$67,166,953.63. In other ECN Capital news, Senior Officer Michael Shane Lepore purchased 25,000 shares of the company in a trade that took place on Friday August 26th. The stock was purchased at an average cost of CA$5.85 per share, for a total transaction of CA$146,297.50. Following the completion of the transaction, the insider now directly owns 614,347 shares of the company, valued at approximately C$3,595,097.21. Additionally, director Steven Kenneth Hudson acquired 135,000 shares of the company in a transaction on Friday, August 26. The shares were purchased at an average cost of CA$5.88 per share, with a total value of CA$794,434.50. As a result of the acquisition, the administrator now directly owns 11,413,828 shares of the company, valued at approximately C$67,166,953.63. In the past ninety days, insiders have purchased 220,391 shares of the company worth $1,287,335.
About ECN Capital
ECN Capital Corp. creates, manages and advises leading consumer credit portfolios in North America. It operates through secured consumer loans – Triad Financial Services and Source One; and Consumer Credit Cards and Related Unsecured Consumer Loans – KG segments. The company offers secured consumer loan portfolios, including loans for manufactured homes, marine and recreational vehicles; and consumer credit card portfolios focused on co-branded credit cards and related financial products.
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