Bullboard - Stock Discussion Forum 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

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... see more

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ECN Capital Corp > Analyst update NB

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Post by TeamCommonSense on Oct 30, 2024 11:29am

Analyst update NB

* ECN Capital Corp. (ECN-T) with a “sector perform” rating and $2.50 target (unchanged). Average: $2.47.

Analyst: “After a challenging start to the year, we believe ECN is a name to watch as we approach 2025 and we begin to see signs of a better road ahead. Q2 results in the Manufactured Housing segment showed improvement, approvals were up 25 per cent year-over-year, Skyline JV is picking up speed as balances doubled q/q, industry data is showing mid-teens shipment growth through Q3, and Q3 results from peers that have reported show double-digit volume growth (e.g., Champion Homes (SKY: NYSE).”

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