ECN Capital (ECN) Price Target Raised to C$5.50 at CIBC

ECN Capital (TSE:ECN) had its price target raised by CIBC from C$5.00 to C$5.50 in a report published on Monday morning.

Several other brokerages also recently commented on ECN. BMO Capital Markets reiterated an outperform rating and set a C$5.20 price target on shares of ECN Capital in a report on Thursday, April 12th. Scotiabank increased their price target on ECN Capital from C$4.75 to C$5.00 and gave the company an outperform rating in a report on Friday, May 11th. Raymond James lowered their price target on ECN Capital from C$5.00 to C$4.75 and set an outperform rating on the stock in a report on Thursday, March 1st. TD Securities increased their price target on ECN Capital from C$4.75 to C$5.00 and gave the company a buy rating in a report on Friday, May 11th. Finally, CSFB reissued an outperform rating and issued a C$5.00 price objective on shares of ECN Capital in a research report on Wednesday, April 4th. Seven research analysts have rated the stock with a buy rating, The company has an average rating of Buy and an average price target of C$5.08.

Shares of ECN Capital opened at C$3.57 on Monday, reports. ECN Capital has a 12 month low of C$3.00 and a 12 month high of C$4.40.

ECN Capital (TSE:ECN) last announced its quarterly earnings results on Thursday, May 10th. The company reported C$0.01 EPS for the quarter. The company had revenue of C$58.13 million for the quarter, compared to analyst estimates of C$46.00 million.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 13th. Stockholders of record on Friday, June 29th will be given a $0.01 dividend. The ex-dividend date is Thursday, June 28th. This represents a $0.04 annualized dividend and a dividend yield of 1.12%.

In other ECN Capital news, insider Jr. Donald Frank Glisson acquired 350,000 shares of ECN Capital stock in a transaction dated Friday, March 2nd. The stock was bought at an average cost of C$3.63 per share, with a total value of C$1,270,500.00.

About ECN Capital

ECN Capital Corp., an independent financial services company, originates, co-invests in, and manages asset-based financing and related service programs. The company operates through four segments: Home Improvement Finance, Manufactured Housing Finance, Rail Finance, and Aviation Finance. The Home Improvement Finance segment primarily provides prime and super-prime retail installment contracts to finance home improvement projects in the U.S.

Analyst Recommendations for ECN Capital (TSE:ECN)

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