ECN Capital Corp (ECN) Receives Consensus Rating of “Buy” from Analysts

ECN Capital Corp (TSE:ECN) has earned an average rating of “Buy” from the ten ratings firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$4.73.

ECN has been the subject of several research analyst reports. TD Securities dropped their price target on ECN Capital Corp from C$5.00 to C$4.75 and set a “buy” rating for the company in a research note on Thursday, August 10th. Royal Bank Of Canada upped their price target on ECN Capital Corp from C$4.50 to C$5.00 and gave the stock an “outperform” rating in a research note on Friday, June 9th. CIBC upped their price target on ECN Capital Corp from C$4.50 to C$5.00 in a research note on Monday, June 12th. National Bank Financial upped their price target on ECN Capital Corp from C$4.75 to C$5.00 and gave the stock an “outperform” rating in a research note on Friday, June 9th. Finally, Scotiabank upped their price target on ECN Capital Corp from C$4.50 to C$5.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 9th.

Shares of ECN Capital Corp (TSE ECN) traded up 1.35% during trading on Tuesday, reaching $3.75. The company had a trading volume of 352,293 shares. The firm has a 50-day moving average of $3.70 and a 200 day moving average of $3.60. ECN Capital Corp has a 52 week low of $2.60 and a 52 week high of $3.79. The firm has a market capitalization of $1.46 billion and a price-to-earnings ratio of 5.23.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Thursday, September 28th.

In related news, insider Sandra Lorena Ceccacci bought 40,000 shares of the firm’s stock in a transaction dated Friday, August 11th. The stock was bought at an average price of C$3.90 per share, with a total value of C$156,000.00. Also, Director Donna Elizabeth Toth bought 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was bought at an average cost of C$3.93 per share, with a total value of C$39,300.00. Insiders bought 112,800 shares of company stock valued at $438,130 in the last ninety days.

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About ECN Capital Corp

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.

Analyst Recommendations for ECN Capital Corp (TSE:ECN)

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