ECN Capital Corp (TSE:ECN) – Stock analysts at Cormark boosted their Q1 2020 EPS estimates for shares of ECN Capital in a research report issued to clients and investors on Friday, November 8th, according to Zacks Investment Research. Cormark analyst J. Fenwick now expects that the company will post earnings of $0.11 per share for the quarter, up from their previous forecast of $0.09.
A number of other analysts have also recently weighed in on ECN. TD Securities raised their price objective on shares of ECN Capital from C$5.50 to C$6.00 and gave the stock a “buy” rating in a report on Friday, November 8th. National Bank Financial raised 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 report on Thursday, August 8th. Royal Bank of Canada raised their price objective on shares of ECN Capital from C$5.00 to C$5.50 in a report on Thursday, August 8th. CIBC lifted their target price on shares of ECN Capital from C$5.00 to C$5.25 in a report on Thursday, August 8th. Finally, Raymond James reaffirmed a “market perform” rating and issued a C$5.25 target price on shares of ECN Capital in a report on Friday, November 8th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. ECN Capital has a consensus rating of “Buy” and a consensus target price of C$5.61.
ECN stock traded up C$0.16 during midday trading on Monday, reaching C$4.90. 723,523 shares of the company were exchanged, compared to its average volume of 511,608. The company has a debt-to-equity ratio of 51.47, a quick ratio of 2.91 and a current ratio of 3.91. ECN Capital has a 1-year low of C$3.32 and a 1-year high of C$5.19. The stock’s 50-day simple moving average is C$4.43 and its 200 day simple moving average is C$4.47. The company has a market cap of $1.18 billion and a price-to-earnings ratio of -10.17.
ECN Capital (TSE:ECN) last issued its quarterly earnings results on Thursday, November 7th. The company reported C$0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.09 by C$0.01. The firm had revenue of C$83.62 million during the quarter, compared to analysts’ expectations of C$84.48 million.
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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