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ECN Capital (ECN) Receives a Buy from Raymond James


A Wall Street analyst has provided a review for the Financial company on December 3, but retained the same rating on the stock. Raymond James’ analyst Brenna Phelan reiterates their Buy rating on the shares of ECN Capital (ECN), with a C$4.50 price target.

According to TipRanks.com, Phelan is ranked #1279 out of 5142 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for ECN Capital with a C$4.75 average price target, representing a 35.3% upside. In a report issued on November 30, Scotiabank also reiterated a Buy rating on the stock with a C$4.75 price target.

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Based on ECN Capital’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of C$75.13 million. In comparison, last year the company had a GAAP net loss of C$50.94 million.

ECN Capital Corp. provides consumer credit portfolios to more than ninety U.S. financial institutions. The company originates, manages, and advises on prime consumer credit assets for financial institutions offering unsecured and secured consumer portfolio solutions as well as credit card portfolios.

The company’s shares closed on Tuesday at C$3.51.