ECN Capital Corp T.ECN

Alternate Symbol(s): ECNCF | ECNNF | T.ECN.PR.C | T.ECN.DB | T.ECN.DB.A | T.ECN.DB.B

Financial Services

ECN Capital Corp. is a Canada-based company. The Company is a provider of business services to North American banks, credit unions, life insurance companies, pension funds and institutional investors (collectively, its Partners). It originates, manages and advises on credit assets on behalf of its Partners, specifically consumer (manufactured housing and recreational vehicle and marine) loans and commercial (inventory finance or floorplan) loans. The Company operates through two segments: Manufactured Housing Finance, and Recreational Vehicles (RV) and Marine Finance. Its business segment includes Triad Financial Services, Source One Financial, and Intercoastal Finance Group. The Triad Financial Services is a portfolio solutions platform focused on originating and managing longer duration secured consumer loan portfolios for active partner. The Source One Financial originates prime and super-prime loans to consumers to facilitate the purchase of recreational and marine vehicles.

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ECN Capital Corp > Analyst update March 22 Globe and Mail

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Post by Cheeky20on Mar 22, 2024 8:14am

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Post# 35946616

Analyst update March 22 Globe and Mail

RBC’s Geoffrey Kwan cut his ECN Capital Corp. (ECN-T unchno change

) target to $2.25, below the $2.80 average, from $3, keeping a “sector perform” rating. Other changes include: National Bank’s Jaeme Gloyn to $2 from $2.75 with a “sector perform” rating and TD Securities’ Mario Mendonca to $2.75 from $3 with a “hold” rating.

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