Raymond James Lowers ECN Capital (ECN) Price Target to C$4.50

ECN Capital (TSE:ECN) had its target price trimmed by Raymond James from C$5.00 to C$4.50 in a research report released on Tuesday. The firm currently has an outperform rating on the stock.

ECN has been the subject of a number of other reports. BMO Capital Markets decreased their price objective on ECN Capital from C$5.60 to C$5.00 in a research note on Friday, August 10th. National Bank Financial restated an outperform market weight rating on shares of ECN Capital in a research note on Tuesday, August 7th. Finally, TD Securities upped their price objective on ECN Capital from C$5.00 to C$5.50 in a research note on Friday, August 10th. Six analysts have rated the stock with a buy rating, The stock presently has an average rating of Buy and a consensus target price of C$5.00.

Shares of TSE ECN opened at C$3.82 on Tuesday. ECN Capital has a 1-year low of C$3.31 and a 1-year high of C$4.40.

ECN Capital (TSE:ECN) last issued its quarterly earnings data on Thursday, August 9th. The company reported C$0.05 earnings per share for the quarter, hitting analysts’ consensus estimates of C$0.05. The company had revenue of C$79.58 million for the quarter, compared to analysts’ expectations of C$55.90 million.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Thursday, September 27th.

In other ECN Capital news, Director Steven Kenneth Hudson purchased 15,000 shares of the firm’s stock in a transaction on Tuesday, August 28th. The stock was bought at an average cost of C$3.82 per share, for a total transaction of C$57,300.00. Also, Director Paul James Stoyan purchased 25,000 shares of the firm’s stock in a transaction on Wednesday, August 15th. The stock was acquired at an average price of C$3.61 per share, with a total value of C$90,250.00. Over the last quarter, insiders acquired 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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Analyst Recommendations for ECN Capital (TSE:ECN)

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