CSFB upgraded shares of ECN Capital Corp (TSE:ECN) from a neutral rating to an outperform rating in a research note released on Saturday. CSFB currently has C$4.75 price target on the stock, up from their prior price target of C$4.50.
Other analysts also recently issued reports about the stock. CIBC increased their price objective on shares of ECN Capital Corp from C$4.50 to C$5.00 in a research report on Monday, June 12th. TD Securities cut their price objective on shares of ECN Capital Corp from C$5.00 to C$4.75 and set a buy rating on the stock in a research report on Thursday, August 17th. Scotiabank increased their price objective on shares of ECN Capital Corp from C$4.50 to C$5.00 and gave the company an outperform rating in a research report on Wednesday, August 9th. Royal Bank Of Canada increased their price objective on shares of ECN Capital Corp from C$4.50 to C$5.00 and gave the company an outperform rating in a research report on Friday, June 9th. Finally, National Bank Financial increased their price objective on shares of ECN Capital Corp from C$4.75 to C$5.00 and gave the company an outperform rating in a research report on Friday, June 9th. Ten research analysts have rated the stock with a buy rating, The company presently has a consensus rating of Buy and a consensus price target of C$4.81.
ECN Capital Corp (TSE:ECN) opened at 3.96 on Friday. The company’s 50 day moving average is $3.76 and its 200-day moving average is $3.76. ECN Capital Corp has a 52-week low of $2.60 and a 52-week high of $4.05. The company has a market capitalization of $1.54 billion and a price-to-earnings ratio of 5.52.
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The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Thursday, September 28th.
In related news, insider Sandra Lorena Ceccacci bought 40,000 shares of the stock in a transaction on Friday, August 11th. The shares were acquired at an average price of C$3.90 per share, for a total transaction of C$156,000.00. Also, Director Donna Elizabeth Toth bought 10,000 shares of the stock in a transaction on Tuesday, August 15th. The shares were bought at an average price of C$3.93 per share, for a total transaction of C$39,300.00. Insiders have acquired a total of 112,800 shares of company stock worth $438,130 in the last 90 days.
ECN Capital Corp Company Profile
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.
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