ECN Capital (TSE:ECN) Raised to Strong-Buy at National Bank Financial

National Bank Financial upgraded shares of ECN Capital (TSE:ECN) from a hold rating to a strong-buy rating in a research note released on Friday morning,Zacks.com reports.

A number of other equities research analysts have also weighed in on the stock. National Bankshares raised their price target on shares of ECN Capital from C$2.25 to C$2.50 in a report on Thursday, August 8th. CIBC raised their price target on shares of ECN Capital from C$2.25 to C$2.50 in a report on Friday. Finally, BMO Capital Markets raised their price objective on shares of ECN Capital from C$2.00 to C$2.35 in a report on Friday, August 9th. Five equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of C$2.52.

ECN Capital Price Performance

ECN opened at C$3.00 on Friday. The company has a fifty day simple moving average of C$2.18 and a 200 day simple moving average of C$1.98. The firm has a market cap of C$843.36 million, a price-to-earnings ratio of -9.09, a PEG ratio of 0.24 and a beta of 1.35. ECN Capital has a twelve month low of C$1.60 and a twelve month high of C$3.10. The company has a current ratio of 10.77, a quick ratio of 3.81 and a debt-to-equity ratio of 383.08.

ECN Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a $0.01 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.04 annualized dividend and a yield of 1.33%. ECN Capital’s dividend payout ratio is presently -12.12%.

About ECN Capital

ECN Capital Corp. originates, manages, and advises on credit assets on behalf of its partners in North America. It operates in two segments, Manufactured Housing Finance; and Recreational Vehicle and Marine Finance. The company offers consumer loans, including manufactured housing, recreational vehicle, and marine loans; and commercial loans, such as inventory finance or floorplan loans.