ECN Capital (ECN) Price Target Lowered to C$5.00 at TD Securities

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ECN Capital (TSE:ECN) had its price target dropped by research analysts at TD Securities from C$5.50 to C$5.00 in a report issued on Monday. The firm currently has a “buy” rating on the stock. TD Securities’ target price points to a potential upside of 43.27% from the company’s current price.

Several other equities analysts have also commented on the stock. National Bank Financial reaffirmed an “outperform market weight” rating on shares of ECN Capital in a report on Tuesday, August 7th. Raymond James reduced their target price on shares of ECN Capital from C$5.00 to C$4.50 and set an “outperform” rating on the stock in a report on Tuesday, September 25th. Finally, BMO Capital Markets reduced their target price on shares of ECN Capital from C$5.60 to C$5.00 in a report on Friday, August 10th. Six equities research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus target price of C$4.93.

ECN Capital stock opened at C$3.49 on Monday. ECN Capital has a fifty-two week low of C$3.31 and a fifty-two week high of C$4.40.

ECN Capital (TSE:ECN) last released its earnings results on Thursday, August 9th. The company reported C$0.05 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of C$0.05. The business had revenue of C$79.58 million for the quarter, compared to the consensus estimate of C$55.90 million.

In other news, Director Steven Kenneth Hudson purchased 15,000 shares of the business’s stock in a transaction on Tuesday, August 28th. The shares were acquired at an average price of C$3.82 per share, with a total value of C$57,300.00. Also, insider Scott William Shaw purchased 216,200 shares of the business’s stock in a transaction on Tuesday, August 14th. The stock was purchased at an average cost of C$3.55 per share, for a total transaction of C$767,510.00. In the last ninety days, insiders have purchased 585,677 shares of company stock worth $2,168,260.

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 U.S.

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