Element Fleet Management Corp (TSE:EFN) had its target price cut by research analysts at CSFB from C$14.50 to C$13.00 in a research note issued on Monday. The firm currently has an “outperform” rating on the financial services provider’s stock. CSFB’s price objective would suggest a potential upside of 36.41% from the company’s current price.
EFN has been the topic of several other research reports. TD Securities dropped 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 report on Friday, May 5th. Royal Bank Of Canada lowered shares of Element Fleet Management Corp from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from C$16.00 to C$13.00 in a research report on Monday, April 24th. Scotiabank dropped their target price on shares of Element Fleet Management Corp from C$14.00 to C$13.00 and set a “sector perform” rating on the stock in a research report on Friday, June 2nd. Credit Suisse Group dropped their target price on shares of Element Fleet Management Corp from C$16.00 to C$14.50 in a research report on Thursday, May 11th. Finally, Raymond James Financial, Inc. dropped their target price on shares of Element Fleet Management Corp from C$17.00 to C$16.00 and set a “strong-buy” rating on the stock in a research report on Thursday, May 11th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of C$13.95.
Element Fleet Management Corp (TSE:EFN) traded down 1.47% on Monday, hitting $9.39. 615,049 shares of the company’s stock traded hands. The stock has a market cap of $3.65 billion and a PE ratio of 11.31. Element Fleet Management Corp has a one year low of $6.20 and a one year high of $16.57. The stock has a 50-day moving average of $9.25 and a 200-day moving average of $11.55.
ILLEGAL ACTIVITY WARNING: “CSFB Cuts Element Fleet Management Corp (TSE:EFN) Price Target to C$13.00” was posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be accessed at https://stocknewstimes.com/2017/07/31/csfb-cuts-element-fleet-management-corp-tseefn-price-target-to-c13-00.html.
In other Element Fleet Management Corp news, insider Kristi Webb purchased 20,000 shares of the stock in a transaction that occurred on Friday, June 2nd. The shares were purchased at an average cost of C$9.59 per share, for a total transaction of C$191,800.00. Also, insider Samir Michael Zabaneh purchased 12,000 shares of the stock in a transaction that occurred on Wednesday, June 21st. The shares were acquired at an average price of C$9.10 per share, for a total transaction of C$109,200.00. Insiders have purchased 58,160 shares of company stock worth $751,020 over the last 90 days.
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.
Receive News & Ratings for Element Fleet Management Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Element Fleet Management Corp and related companies with MarketBeat.com's FREE daily email newsletter.
