Raymond James Financial set a C$5.00 target price on ECN Capital (TSE:ECN) in a research note released on Monday, January 8th. The brokerage currently has an outperform rating on the stock.
ECN has been the topic of a number of other research reports. Royal Bank of Canada decreased their price target on ECN Capital from C$5.00 to C$4.50 and set an outperform rating on the stock in a research report on Friday, December 15th. TD Securities raised their price objective on ECN Capital from C$4.75 to C$5.00 and gave the company a buy rating in a research note on Monday, October 16th. Finally, CSFB lifted their price objective on ECN Capital from C$4.75 to C$5.00 and gave the stock an outperform rating in a research note on Thursday, October 26th. Six analysts have rated the stock with a buy rating, The company presently has an average rating of Buy and a consensus price target of C$4.86.
ECN Capital (TSE:ECN) traded down C$0.01 during midday trading on Monday, hitting C$3.70. The stock had a trading volume of 1,548,743 shares, compared to its average volume of 1,515,712. The firm has a market cap of $1,430.00 and a P/E ratio of -28.46. ECN Capital has a 12 month low of C$2.97 and a 12 month high of C$4.40.
ECN Capital (TSE:ECN) last announced its quarterly earnings results on Tuesday, November 14th. The company reported C$0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.04 by C($0.01). ECN Capital had a negative net margin of 92.32% and a negative return on equity of 12.24%.
The company also recently disclosed a quarterly dividend, which was paid on Monday, January 15th. Stockholders of record on Friday, December 29th were issued a dividend of $0.01 per share. The ex-dividend date was Thursday, December 28th. This represents a $0.04 annualized dividend and a dividend yield of 1.08%. ECN Capital’s dividend payout ratio is -30.77%.
In related news, insider Loreto Grimaldi purchased 127,243 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The stock was acquired at an average price of C$3.93 per share, for a total transaction of C$500,064.99. Also, Director Steven Kenneth Hudson purchased 381,728 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The shares were bought at an average price of C$3.93 per share, with a total value of C$1,500,191.04.
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ECN Capital Company Profile
ECN Capital Corp., an independent financial services company, originates, co-invests in, and manages asset based financing and related service programs in the United States, Canada, and internationally. The company operates through three segments: Rail Finance, Aviation Finance, and Commercial and Vendor Finance.
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