TD Securities Cuts ECN Capital (ECN) Price Target to C$5.00

ECN Capital (TSE:ECN) had its price target trimmed by TD Securities from C$5.50 to C$5.00 in a research report report published on Monday morning. The brokerage currently has a buy rating on the stock.

ECN has been the subject of several other research reports. National Bank Financial reiterated an outperform market weight rating on shares of ECN Capital in a research note on Tuesday, August 7th. BMO Capital Markets decreased their price target on ECN Capital from C$5.60 to C$5.00 in a research note on Friday, August 10th. Finally, Raymond James decreased their price target on ECN Capital from C$5.00 to C$4.50 and set an outperform rating for the company in a research note on Tuesday, September 25th. Six investment analysts have rated the stock with a buy rating, ECN Capital has an average rating of Buy and a consensus target price of C$4.93.

Shares of ECN stock opened at C$3.57 on Monday. ECN Capital has a fifty-two week low of C$3.31 and a fifty-two week high of C$4.26.

ECN Capital (TSE:ECN) last released its quarterly earnings results on Thursday, August 9th. The company reported C$0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$0.05. The company had revenue of C$79.58 million for the quarter, compared to the consensus estimate of C$55.90 million.

The business also recently declared a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were paid a dividend of $0.01 per share. The ex-dividend date was Thursday, September 27th. This represents a $0.04 annualized dividend and a dividend yield of 1.12%.

In other ECN Capital news, Director Steven Kenneth Hudson bought 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 28th. The stock was purchased at an average price of C$3.82 per share, for a total transaction of C$57,300.00. Also, Director Paul James Stoyan bought 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 15th. The shares were acquired at an average price of C$3.61 per share, with a total value of C$90,250.00. In the last quarter, insiders have bought 585,677 shares of company stock valued at $2,168,260.

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.

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