Element Fleet Management Corp (TSE:EFN) had its target price reduced by equities researchers at National Bank Financial from C$11.50 to C$10.00 in a research report issued to clients and investors on Friday. The firm presently has a “sector perform” rating on the financial services provider’s stock. National Bank Financial’s price target indicates a potential upside of 17.65% from the company’s current price. National Bank Financial also issued estimates for Element Fleet Management Corp’s Q2 2017 earnings at $0.14 EPS, Q3 2017 earnings at $0.21 EPS, Q4 2017 earnings at $0.22 EPS, FY2017 earnings at $0.71 EPS, Q1 2018 earnings at $0.24 EPS and FY2018 earnings at $0.98 EPS.
Other equities analysts also recently issued research reports about the company. BMO Capital Markets lowered their price target on Element Fleet Management Corp from C$15.00 to C$11.00 in a research report on Friday. TD Securities decreased their target price on Element Fleet Management Corp from C$11.00 to C$9.50 and set a “hold” rating on the stock in a research report on Friday. Credit Suisse Group downgraded Element Fleet Management Corp from an “outperform” rating to a “neutral” rating in a research report on Friday. Barclays PLC decreased their target price on Element Fleet Management Corp from C$18.00 to C$15.00 in a research report on Monday, May 15th. 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 on the stock in a research report on Monday, July 24th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Element Fleet Management Corp currently 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 midday trading on Friday, reaching $8.08. The company had a trading volume of 2,884,235 shares. The firm has a 50-day moving average of $9.17 and a 200 day moving average of $11.38. The company has a market capitalization of $3.14 billion and a P/E ratio of 9.73. Element Fleet Management Corp has a 1-year low of $6.20 and a 1-year high of $16.57.
In related news, insider Samir Michael Zabaneh purchased 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 21st. The shares were purchased at an average price of C$9.10 per share, for a total transaction of C$109,200.00. Also, insider James Halliday purchased 13,160 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The stock was bought at an average price of C$9.50 per share, for a total transaction of C$125,020.00. Insiders bought a total of 45,160 shares of company stock valued at $426,020 over the last three months.
Element Fleet Management Corp Company Profile
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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