ECN Capital Corp (TSE:ECN) had its price objective cut by stock analysts at TD Securities from C$5.00 to C$4.75 in a research note issued to investors on Thursday. The firm presently has a “buy” rating on the stock. TD Securities’ price objective suggests a potential upside of 18.16% from the stock’s current price.

Several other equities analysts also recently commented on ECN. Scotiabank decreased their price target on shares of ECN Capital Corp from C$4.60 to C$4.50 and set an “outperform” rating on the stock in a research note on Friday, May 12th. Raymond James Financial, Inc. upped their price target on shares of ECN Capital Corp from C$4.40 to C$4.75 and gave the company an “outperform” rating in a research note on Friday, May 12th. National Bank Financial upped their price target on shares of ECN Capital Corp from C$4.75 to C$5.00 and gave the company an “outperform” rating in a research note on Friday, June 9th. Royal Bank Of Canada upped their price target on shares of ECN Capital Corp from C$4.50 to C$5.00 and gave the company an “outperform” rating in a research note on Friday, June 9th. Finally, CIBC upped their price target on shares of ECN Capital Corp from C$4.50 to C$5.00 in a research note on Monday, June 12th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of C$4.73.

Shares of ECN Capital Corp (ECN) traded down 1.49% during mid-day trading on Thursday, hitting $3.96. 858,506 shares of the stock traded hands. ECN Capital Corp has a one year low of $2.60 and a one year high of $4.11. The company’s 50 day moving average is $3.96 and its 200 day moving average is $3.66. The firm has a market capitalization of $1.58 billion and a P/E ratio of 5.62.

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In other news, Director William Wayne Lovatt acquired 100,000 shares of ECN Capital Corp stock in a transaction on Friday, May 26th. The shares were purchased at an average cost of C$3.80 per share, for a total transaction of C$380,000.00. Also, Director Pierre Lortie acquired 2,000 shares of ECN Capital Corp stock in a transaction on Thursday, May 25th. The shares were purchased at an average price of C$25.00 per share, for a total transaction of C$50,000.00. Insiders have acquired 617,178 shares of company stock worth $2,398,481 over the last quarter.

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.

Analyst Recommendations for ECN Capital Corp (TSE:ECN)

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