TD Securities Increases ECN Capital Corp (ECN) Price Target to C$5.00
ECN Capital Corp (TSE:ECN) had its target price boosted by equities research analysts at TD Securities from C$4.75 to C$5.00 in a research note issued on Monday. The firm currently has a “buy” rating on the stock. TD Securities’ price target indicates a potential upside of 25.31% from the company’s previous close.
ECN has been the subject of a number of other reports. CSFB raised ECN Capital Corp from a “neutral” rating to an “outperform” rating and upped their price target for the company from C$4.50 to C$4.75 in a research note on Saturday, September 23rd. Scotiabank upped their price target on ECN Capital Corp from C$4.50 to C$5.00 and gave the company an “outperform” rating in a research note on Wednesday, August 9th. Six equities research analysts have rated the stock with a buy rating, ECN Capital Corp presently has an average rating of “Buy” and a consensus target price of C$4.93.
ECN Capital Corp (ECN) opened at 3.99 on Monday. The stock has a market capitalization of $1.55 billion and a P/E ratio of 5.56. ECN Capital Corp has a 52 week low of $2.60 and a 52 week high of $4.11. The stock has a 50 day moving average of $3.86 and a 200 day moving average of $3.83.
In other ECN Capital Corp news, Director Donna Elizabeth Toth acquired 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The stock was acquired at an average cost of C$3.92 per share, for a total transaction of C$58,800.00. Also, Director Paul James Stoyan sold 35,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of C$3.80, for a total value of C$133,000.00. Over the last ninety days, insiders bought 112,800 shares of company stock valued at $438,130.
About ECN Capital Corp
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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