ECN Capital (TSE:ECN) had its target price lowered by research analysts at Raymond James from C$5.00 to C$4.50 in a report issued on Tuesday. The firm currently has an “outperform” rating on the stock. Raymond James’ price objective suggests a potential upside of 15.98% from the stock’s current price.

A number of other brokerages have also issued reports on ECN. National Bank Financial reaffirmed an “outperform market weight” rating on shares of ECN Capital in a research report on Tuesday, August 7th. BMO Capital Markets decreased their price target on ECN Capital from C$5.60 to C$5.00 in a research note on Friday, August 10th. Finally, TD Securities lifted their price target on ECN Capital from C$5.00 to C$5.50 in a research note on Friday, August 10th. Six investment analysts have rated the stock with a buy rating, ECN Capital presently has an average rating of “Buy” and a consensus target price of C$5.00.

TSE:ECN traded up C$0.01 during mid-day trading on Tuesday, hitting C$3.88. The company had a trading volume of 1,007,602 shares, compared to its average volume of 1,232,045. ECN Capital has a 1 year low of C$3.31 and a 1 year high of C$4.40.

ECN Capital (TSE:ECN) last announced its earnings results on Thursday, August 9th. The company reported C$0.05 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of C$0.05. The business had revenue of C$79.58 million for the quarter, compared to analysts’ expectations of C$55.90 million.

In related news, Director Steven Kenneth Hudson purchased 210,777 shares of the stock in a transaction dated Friday, September 14th. The shares were acquired at an average cost of C$3.80 per share, for a total transaction of C$800,952.60. Also, insider Scott William Shaw purchased 216,200 shares of the stock in a transaction dated Tuesday, August 14th. The shares were bought at an average price of C$3.55 per share, for a total transaction of C$767,510.00. Over the last 90 days, insiders have bought 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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Analyst Recommendations for ECN Capital (TSE:ECN)

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