ECN Capital (ECN) Given New C$5.25 Price Target at Cormark

ECN Capital (TSE:ECN) had its price target lifted by Cormark from C$4.50 to C$5.25 in a report issued on Monday, February 4th. Cormark also issued estimates for ECN Capital’s Q4 2018 earnings at $0.04 EPS, Q1 2019 earnings at $0.05 EPS, Q2 2019 earnings at $0.08 EPS, Q3 2019 earnings at $0.09 EPS, Q4 2019 earnings at $0.09 EPS, FY2019 earnings at $0.31 EPS, Q1 2020 earnings at $0.09 EPS, Q2 2020 earnings at $0.12 EPS, Q3 2020 earnings at $0.14 EPS, Q4 2020 earnings at $0.12 EPS and FY2020 earnings at $0.47 EPS.

A number of other research analysts also recently weighed in on the company. TD Securities lowered their price target on ECN Capital from C$5.50 to C$5.00 and set a buy rating on the stock in a report on Monday, October 29th. National Bank Financial lowered their price target on ECN Capital from C$5.00 to C$4.50 and set an outperform rating on the stock in a report on Tuesday, November 13th. CIBC lowered their price target on ECN Capital from C$5.50 to C$5.25 in a report on Tuesday, November 13th. Royal Bank of Canada boosted their target price on ECN Capital from C$4.50 to C$4.75 and gave the company an outperform rating in a research note on Monday, December 3rd. Finally, Raymond James reiterated an outperform rating and set a C$4.00 price target on shares of ECN Capital in a research note on Monday, January 14th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of C$5.03.

Shares of ECN traded up C$0.06 during midday trading on Monday, reaching C$4.12. The stock had a trading volume of 993,000 shares, compared to its average volume of 840,401. The company has a market capitalization of $972.23 million and a PE ratio of 27.47. The company has a debt-to-equity ratio of 52.39, a quick ratio of 1.97 and a current ratio of 3.74. ECN Capital has a 52 week low of C$3.13 and a 52 week high of C$4.17.

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 United States.

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