Element Fleet Management Corp (TSE:EFN) had its price objective reduced by Credit Suisse Group from C$11.50 to C$10.00 in a research note published on Thursday morning, StockTargetPrices.com reports. They currently have a sector perform rating on the financial services provider’s stock.
EFN has been the topic of several other reports. Barclays PLC dropped their price target on Element Fleet Management Corp from C$18.00 to C$15.00 in a research report on Monday, May 15th. Royal Bank Of Canada downgraded 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. TD Securities lowered their target price on Element Fleet Management Corp from C$11.00 to C$9.50 and set a hold rating on the stock in a research note on Friday, August 11th. Scotiabank lowered their target price on Element Fleet Management Corp from C$13.00 to C$11.00 and set a sector perform rating on the stock in a research note on Friday, August 11th. Finally, CIBC lowered their target price on Element Fleet Management Corp from C$15.00 to C$10.00 and set an outperform rating on the stock in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Element Fleet Management Corp currently has a consensus rating of Hold and an average price target of C$11.20.
Element Fleet Management Corp (TSE:EFN) traded up 1.50% during trading on Thursday, hitting $8.82. The stock had a trading volume of 1,959,942 shares. 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 P/E ratio of 13.16. The company has a 50 day moving average of $9.13 and a 200-day moving average of $11.22.
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The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be paid a $0.075 dividend. 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 Kristi Webb purchased 20,000 shares of the firm’s stock in a transaction dated Friday, June 2nd. The stock was bought at an average price 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 firm’s stock in a transaction dated Wednesday, June 21st. The shares were bought at an average price of C$9.10 per share, with a total value of C$109,200.00. Insiders acquired 45,160 shares of company stock worth $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.
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