Element Fleet Management Corp (TSE:EFN) Price Target Lowered to C$11.00 at BMO Capital Markets
Element Fleet Management Corp (TSE:EFN) had its target price cut by equities research analysts at BMO Capital Markets from C$15.00 to C$11.00 in a research note issued to investors on Friday. BMO Capital Markets’ price target suggests a potential upside of 29.41% from the company’s current price.
EFN has been the subject of several other reports. TD Securities lowered their target price on Element Fleet Management Corp from C$13.50 to C$11.00 and set a “hold” rating for the company in a research note on Friday, July 28th. Royal Bank Of Canada downgraded Element Fleet Management Corp from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from C$16.00 to C$13.00 in a report on Monday, April 24th. National Bank Financial set a C$11.50 price target on Element Fleet Management Corp in a report on Tuesday. Scotiabank decreased their price target on Element Fleet Management Corp from C$14.00 to C$13.00 and set a “sector perform” rating for the company in a report on Friday, June 2nd. Finally, Credit Suisse Group decreased their price target on Element Fleet Management Corp from C$16.00 to C$14.50 in a report on Thursday, May 11th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of C$11.65.
Shares of Element Fleet Management Corp (TSE EFN) traded down 4.94% during midday trading on Friday, hitting $8.08. The company’s stock had a trading volume of 2,884,235 shares. The firm has a market cap of $3.14 billion and a price-to-earnings ratio of 9.73. The firm has a 50-day moving average of $9.17 and a 200 day moving average of $11.38. Element Fleet Management Corp has a 12-month low of $6.20 and a 12-month high of $16.57.
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In other Element Fleet Management Corp news, insider Kristi Webb bought 20,000 shares of the stock in a transaction dated Friday, June 2nd. The stock was bought at an average cost of C$9.59 per share, for a total transaction of C$191,800.00. Also, insider James Halliday bought 13,160 shares of the stock in a transaction dated Thursday, June 1st. The shares were acquired at an average price of C$9.50 per share, with a total value of C$125,020.00. Over the last quarter, insiders purchased 45,160 shares of company stock valued at $426,020.
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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