The Financial sector company, ECN Capital (ECN), has received a rating update from a Wall Street analyst today. Raymond James’ analyst Brenna Phelan downgraded ECN to Hold , with a C$4.50 price target.
Phelan has an average return of 6.2% when recommending ECN Capital.
According to TipRanks.com, Phelan is ranked #537 out of 5224 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for ECN Capital with a C$4.86 average price target, implying a 17.5% upside from current levels. In a report issued on February 19, Scotiabank also downgraded the stock to Hold with a C$4.50 price target.
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ECN Capital’s market cap is currently C$1.3B and has a P/E ratio of 26.5. The company has a Price to Book ratio of 0.91.
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 Friday at C$4.14.
