Raymond James Believes ECN Capital (ECN) Won’t Stop Here


In a new note to investors today, an analyst has provided a rating update for ECN Capital (ECN). The company received a Buy rating from Raymond James’ analyst Brenna Phelan, with a C$4 price target.

Phelan has an average return of 0.3% when recommending ECN Capital.

According to TipRanks.com, Phelan is ranked #920 out of 5140 analysts.

Currently, the analyst consensus on ECN Capital is a Strong Buy with an average price target of C$4.75, a 23.4% upside from current levels. In a report issued on January 29, Scotiabank also reiterated a Buy rating on the stock with a C$4.50 price target.

.

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$10.88 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 Thursday at C$3.85, close to its 52-week high of C$3.95.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts