Element Fleet Management Corp (TSE:EFN) had its price target lowered by stock analysts at TD Securities from C$11.00 to C$9.50 in a report released on Friday. The brokerage presently has a “hold” rating on the financial services provider’s stock. TD Securities’ target price would suggest a potential upside of 11.76% from the stock’s current price.
Several other equities research analysts have also recently issued reports on the company. BMO Capital Markets cut their target price on Element Fleet Management Corp from C$15.00 to C$11.00 in a research note on Friday. Credit Suisse Group lowered Element Fleet Management Corp from an “outperform” rating to a “neutral” rating in a report on Friday. National Bank Financial set a C$11.50 target price on Element Fleet Management Corp in a report on Tuesday. CSFB decreased their target price on Element Fleet Management Corp from C$14.50 to C$13.00 and set an “outperform” rating for the company in a report on Monday, July 31st. Finally, Royal Bank Of Canada upgraded Element Fleet Management Corp from a “sector perform” rating to an “outperform” rating and set a C$13.00 target price for the company in a report on Monday, July 24th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of C$11.65.
Element Fleet Management Corp (TSE EFN) traded down 4.94% during trading on Friday, hitting $8.08. The stock had a trading volume of 2,884,235 shares. The company has a market cap of $3.14 billion and a PE ratio of 9.73. Element Fleet Management Corp has a 12 month low of $6.20 and a 12 month high of $16.57. The company’s 50 day moving average is $9.17 and its 200-day moving average is $11.38.
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In other Element Fleet Management Corp news, insider Kristi Webb bought 20,000 shares of the company’s stock in a transaction on Friday, June 2nd. The shares were bought at an average price of C$9.59 per share, for a total transaction of C$191,800.00. Also, insider James Halliday purchased 13,160 shares of the stock in a transaction that occurred on Thursday, June 1st. The stock was purchased at an average price of C$9.50 per share, for a total transaction of C$125,020.00. Insiders have acquired a total of 45,160 shares of company stock worth $426,020 in the last quarter.
About Element Fleet Management Corp
Element Financial Corporation is an independentfinancial services company that originates, co-invests in and manages asset-based financings with operations in Canada and the United States. The Company operates in four business verticals: Commercial and Vendor Finance, Aviation Finance, Fleet Management and Rail Finance.
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