Element Fleet Management Corp (EFN) Price Target Raised to C$14.00
Element Fleet Management Corp (TSE:EFN) had its price objective upped by investment analysts at Barclays PLC from C$12.00 to C$14.00 in a report issued on Friday. Barclays PLC’s price target would suggest a potential upside of 64.71% from the company’s previous close.
EFN has been the topic of several other reports. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Element Fleet Management Corp in a report on Wednesday, June 28th. TD Securities dropped their price objective on shares of Element Fleet Management Corp from C$13.50 to C$11.00 and set a “hold” rating on the stock in a report on Friday, July 28th. CSFB dropped their price objective on shares of Element Fleet Management Corp from C$16.00 to C$14.50 in a report on Thursday, May 11th. National Bank Financial dropped their price objective on shares of Element Fleet Management Corp from C$11.50 to C$10.00 and set a “sector perform” rating on the stock in a report on Friday. Finally, CIBC dropped their price objective on shares of Element Fleet Management Corp from C$15.00 to C$10.00 and set an “outperform” rating on the stock in a report on Friday. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of C$11.65.
Shares of Element Fleet Management Corp (EFN) traded down 5.000% on Friday, reaching $8.075. 2,880,735 shares of the company traded hands. The firm has a 50-day moving average price of $9.17 and a 200 day moving average price of $11.38. Element Fleet Management Corp has a one year low of $6.20 and a one year high of $16.57. The company has a market capitalization of $3.14 billion and a PE ratio of 9.729.
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In related news, insider James Halliday acquired 13,160 shares of the company’s stock in a transaction dated Thursday, June 1st. The stock was purchased at an average price of C$9.50 per share, with a total value of C$125,020.00. Also, insider Samir Michael Zabaneh acquired 12,000 shares of the company’s stock in a transaction dated Wednesday, June 21st. The shares were bought at an average cost of C$9.10 per share, with a total value of C$109,200.00. Over the last 90 days, insiders purchased 45,160 shares of company stock worth $426,020.
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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