ECN Capital (ECN), the Financial sector company, was revisited by a Wall Street analyst yesterday. Analyst Phil Hardie from Scotiabank rated ECN Capital (ECN) a Buy, setting a C$4.50 price target.
According to TipRanks.com, Hardie is a 3-star analyst with an average return of 2.1% and a 54.6% success rate. Hardie covers the Financial sector, focusing on stocks such as Fairfax Financial Holdings, Alaris Royalty Corp, and Element Financial.
Currently, the analyst consensus on ECN Capital is a Strong Buy with an average price target of C$4.56, a 21.3% upside from current levels. In a report issued on January 14, Raymond James also maintained a Buy rating on the stock with a C$4 price target.
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ECN Capital’s market cap is currently C$1.2B and has a P/E ratio of 24.7. The company has a Price to Book ratio of 0.84.
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$3.76.
