ECN Capital (TSE:ECN) Share price down 4.9% following analyst downgrade

ECN Capital Corp. (TSE: ECN- Get a rating) the stock price was down 4.9% in Friday trading after Raymond James lowered its price target on the stock from C$8.00 to C$7.50. Raymond James currently has an outperform rating for the stock. ECN Capital traded as low as CA$5.97 and last traded at CA$5.97. Around 103,621 shares were traded at midday, down 82% from the average daily volume of 562,759 shares. The stock had previously closed at C$6.28.

Several other brokerages have also recently published reports on ECN. TD Securities raised its price target on ECN Capital shares from C$8.00 to C$8.50 and gave the stock a “buy” rating in a Tuesday 9 august. Cormark raised its price target on ECN Capital shares from C$7.50 to C$8.25 in a Friday, August 12 research note. National Bankshares raised its price target on ECN Capital shares from C$8.00 to C$8.50 and gave the stock an “outperform” rating in a report released Friday, August 12. BMO Capital Markets raised its price target on ECN Capital shares from C$7.00 to C$8.00 in a Friday, August 12 research report. Finally, Royal Bank of Canada raised its target price on ECN Capital shares from C$7.50 to C$8.00 and assigned the stock an “sector performance” rating in a rating of research from Monday, August 15. One research analyst gave the stock a hold rating and seven gave the stock a buy rating. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$8.60.

ECN share capital down 6.8%

pixel

A d Tradewins

The safest option in the trades!

If you’re new to trading, you’ve probably heard the wrong word about options, that they’re risky, unpredictable, or difficult. And it couldn’t be more wrong! With the Hughes Optioneering strategy, you will soon learn that the safest option for new accounts is the options themselves!

The company has a 50-day moving average of C$6.02 and a 200-day moving average of C$6.08. The company has a current ratio of 3.73, a quick ratio of 3.62 and a debt ratio of 365.53. The company has a market cap of C$1.44 billion and a price-earnings ratio of 62.80.

About ECN Capital

(Get a rating)

ECN Capital Corp. creates, manages and advises leading consumer credit portfolios in North America. It operates through secured consumer loans – Triad Financial Services and Source One; and Consumer Credit Cards and Related Unsecured Consumer Loans – KG segments. The company offers secured consumer loan portfolios, including loans for manufactured homes, marine and recreational vehicles; and consumer credit card portfolios focused on co-branded credit cards and related financial products.

Featured articles

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Before you consider ECN Capital, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes hold…and ECN Capital was not on the list.

Although ECN Capital currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the five actions here

About Clayton Arredondo

Check Also

Black Knight, Inc. (NYSE: BKI) Receives Consensus “Hold” Recommendation From Brokerages

Shares of Black Knight, Inc. (NYSE: BKI – Get a rating) have earned an average …