Element Fleet Management Corp (EFN) Given Average Recommendation of “Buy” by Brokerages

Element Fleet Management Corp (TSE:EFN) has received an average recommendation of “Buy” from the ten brokerages that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$13.70.

Several research analysts have recently commented on EFN shares. Credit Suisse Group dropped their price target on shares of Element Fleet Management Corp from C$16.00 to C$14.50 in a research note on Thursday, May 11th. Barclays PLC dropped their price target on shares of Element Fleet Management Corp from C$15.00 to C$14.00 and set an “overweight” rating on the stock in a research note on Monday, May 8th. CSFB lowered their target price on shares of Element Fleet Management Corp from C$16.00 to C$14.50 in a research note on Thursday, May 11th. Royal Bank Of Canada lowered shares of Element Fleet Management Corp from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from C$16.00 to C$13.00 in a research note on Monday, April 24th. Finally, TD Securities lowered their target price on shares of Element Fleet Management Corp from C$15.00 to C$13.00 and set a “hold” rating on the stock in a research note on Friday, May 5th.

In related news, insider James Halliday purchased 13,160 shares of the firm’s stock in a transaction on Thursday, June 1st. The shares were bought at an average cost of C$9.50 per share, for a total transaction of C$125,020.00. Also, insider Samir Michael Zabaneh purchased 12,000 shares of the firm’s stock in a transaction on Wednesday, June 21st. The stock was bought at an average price of C$9.10 per share, for a total transaction of C$109,200.00. Insiders acquired a total of 45,160 shares of company stock worth $426,020 over the last 90 days.

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Element Fleet Management Corp (TSE:EFN) opened at 8.29 on Tuesday. The company 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 12-month low of $6.20 and a 12-month high of $16.57. The firm has a market cap of $3.22 billion and a PE ratio of 9.99.

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.

Analyst Recommendations for Element Fleet Management Corp (TSE:EFN)

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