ECN Capital Corp. (TSE:ECN) receives an average “buy” recommendation from analysts

Shares of ECN Capital Corp. (TSE:ECN) received a consensus “Buy” recommendation from the ten rating agencies that cover the company, Marketbeat reports. One investment analyst gave the stock a hold rating and four gave the company a buy rating. The 12-month average price target among analysts who have rated the stock over the past year is C$9.43.

A number of brokerages have recently released reports on ECN. CIBC raised its price target on ECN Capital shares from C$6.00 to C$6.75 in a Wednesday, January 26 report. CSFB raised its price target on ECN Capital shares from C$12.50 to C$13.00 in a Friday, November 12 report. National Bankshares lowered its price target on ECN Capital shares from C$12.50 to C$6.50 and set an “outperform” rating for the company in a report released Tuesday, November 9. Raymond James raised his price target on ECN Capital shares from C$4.25 to C$6.00 and gave the company an “outperform” rating in a Thursday, Jan. 6, research note. Finally, TD Securities set a price target of C$6.00 on ECN Capital stock and gave the company a “buy” rating in a Wednesday, Nov. 3 research note.

Separately, director Steven Kenneth Hudson purchased 63,200 shares of the company in a trade on Tuesday, January 11. The shares were purchased at an average cost of C$5.77 per share, for a total value of C$364,853.60. Following completion of the transaction, the administrator now owns 1,433,400 shares of the company, valued at approximately C$8,275,018.20.

Shares of TSE:ECN opened at C$5.41 on Monday. The company’s 50-day simple moving average is C$7.58 and its 200-day simple moving average is C$9.52. ECN Capital has a fifty-two week low of C$4.60 and a fifty-two week high of C$12.24. The company has a market cap of C$1.32 billion and a price-to-earnings ratio of 84.53. The company has a debt ratio of 64.76, a current ratio of 5.02 and a quick ratio of 2.10.

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ECN Capital (TSE:ECN) last released its quarterly earnings data on Wednesday, November 10. The company reported earnings per share (EPS) of C$0.09 for the quarter, missing the Zacks consensus estimate of C$0.17 by C$0.08. The company posted revenue of C$69.98 million for the quarter, while analysts had expected C$123.48 million. Equity research analysts expect ECN Capital to post earnings per share of 0.34 for the current year.

About ECN Capital

ECN Capital Corp. creates, manages and advises leading consumer credit portfolios, primarily in the United States. The company operates through Service Finance-Home Improvement Loans; KG – Co-branded credit cards and related financial products; and Triad Financial Services – prefabricated home loan segments.

Further reading

Analyst Recommendations for ECN Capital (TSE:ECN)

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