Element Fleet Management Corp (TSE:EFN) had its price objective lowered by TD Securities from C$11.00 to C$9.50 in a report released on Thursday morning. The brokerage currently has a hold rating on the financial services provider’s stock.
A number of other equities research analysts also recently weighed in on the company. Credit Suisse Group lowered their price target on Element Fleet Management Corp from C$16.00 to C$14.50 in a report on Thursday, May 11th. Barclays PLC lowered their price target on Element Fleet Management Corp from C$15.00 to C$14.00 and set an overweight rating for the company in a report on Monday, May 8th. CSFB lowered their price target on Element Fleet Management Corp from C$16.00 to C$14.50 in a report on Thursday, May 11th. Royal Bank Of Canada downgraded Element Fleet Management Corp from an outperform rating to a sector perform rating and lowered their price target for the company from C$16.00 to C$13.00 in a report on Monday, April 24th. Finally, Scotiabank lowered 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. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Element Fleet Management Corp has an average rating of Hold and an average price target of C$11.20.
Element Fleet Management Corp (EFN) traded up 1.50% during midday trading on Thursday, hitting $8.82. The stock had a trading volume of 1,959,942 shares. The company has a 50-day moving average price of $9.13 and a 200-day moving average price of $11.22. Element Fleet Management Corp has a 12-month low of $6.20 and a 12-month high of $16.57. The company has a market cap of $3.42 billion and a price-to-earnings ratio of 13.16.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.30 dividend on an annualized basis and a yield of 3.45%.
In related news, insider Samir Michael Zabaneh acquired 12,000 shares of Element Fleet Management Corp stock in a transaction that occurred on Wednesday, June 21st. The stock was acquired at an average price of C$9.10 per share, for a total transaction of C$109,200.00. Also, insider James Halliday acquired 13,160 shares of Element Fleet Management Corp stock in a transaction that occurred on Thursday, June 1st. The shares were bought at an average price of C$9.50 per share, with a total value of C$125,020.00. Insiders have purchased a total of 45,160 shares of company stock valued at $426,020 in 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.
