ECN Capital (TSE:ECN) had its price target boosted by investment analysts at CIBC from C$5.00 to C$5.25 in a report released on Thursday, BayStreet.CA reports. CIBC’s target price indicates a potential upside of 5.00% from the company’s previous close.
ECN has been the subject of several other research reports. Raymond James restated a “market perform” rating and issued a C$4.50 price objective on shares of ECN Capital in a research report on Monday, May 6th. TD Securities boosted their price objective on shares of ECN Capital from C$5.00 to C$5.50 and gave the stock a “buy” rating in a research report on Thursday, July 25th. BMO Capital Markets boosted their price objective on shares of ECN Capital from C$5.50 to C$6.00 in a research report on Thursday, May 9th. National Bank Financial boosted their price objective on shares of ECN Capital from C$5.50 to C$6.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Royal Bank of Canada boosted their price objective on shares of ECN Capital from C$5.00 to C$5.50 in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of C$5.54.
ECN stock traded up C$0.32 during trading on Thursday, hitting C$5.00. The company had a trading volume of 1,371,289 shares, compared to its average volume of 588,114. The company has a debt-to-equity ratio of 68.89, a quick ratio of 3.14 and a current ratio of 4.59. The company has a 50-day simple moving average of C$4.48. ECN Capital has a 12 month low of C$3.13 and a 12 month high of C$5.19. The company has a market cap of $1.19 billion and a PE ratio of -7.79.
ECN Capital (TSE:ECN) last posted its quarterly earnings data on Wednesday, May 8th. The company reported C$0.06 earnings per share for the quarter, topping the consensus estimate of C$0.04 by C$0.02. The company had revenue of C$75.28 million during the quarter, compared to the consensus estimate of C$75.60 million. Equities research analysts predict that ECN Capital will post 0.36 earnings per share for the current fiscal year.
ECN Capital Company Profile
ECN Capital Corp. originates, manages, and advises on prime consumer credit portfolios primarily in the United States. The company operates through Service Finance – Unsecured Consumer Loans; Triad – Secured Consumer Loans; and Kessler Consumer Credit Cards segments. It provides prime credit portfolio solutions that include unsecured consumer loan portfolios, including home improvement loans; secured consumer loan portfolios, such as manufactured home loans; and consumer credit card portfolios.
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