Discussion stirs around Element Fleet Management Corp. (TSE:EFN) this week; here is what analysts are saying.

February 15, 2018 - By Maria Brooks

 Discussion stirs around Element Fleet Management Corp. (TSE:EFN) this week; here is what analysts are saying.

Element Fleet Management Corp. (TSE:EFN) Ratings Coverage

Among 8 analysts covering Element Financial Corporation (TSE:EFN), 3 have Buy rating, 0 Sell and 5 Hold. Therefore 38% are positive. Element Financial Corporation had 32 analyst reports since August 10, 2015 according to SRatingsIntel. On Monday, April 24 the stock rating was downgraded by RBC Capital Markets to “Sector Perform”. The stock has “Overweight” rating by Barclays Capital on Wednesday, September 2. The firm earned “Outperform” rating on Tuesday, September 1 by BMO Capital Markets. The stock has “Hold” rating by TD Securities on Friday, March 10. Scotia Capital maintained it with “Outperform” rating and $25 target in Monday, August 10 report. Raymond James downgraded the shares of EFN in report on Thursday, August 17 to “Outperform” rating. The company was maintained on Thursday, October 15 by Scotia Capital. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, February 4 report. The firm earned “Sector Perform” rating on Friday, March 10 by Scotia Capital. As per Thursday, September 22, the company rating was maintained by Scotia Capital. Below is a list of Element Fleet Management Corp. (TSE:EFN) latest ratings and price target changes.

17/08/2017 Broker: BMO Capital Markets Rating: Old Target: $15.00 New Target: $11.00 Target Down
17/08/2017 Broker: IBC Rating: Outperform Old Target: $15.00 New Target: $10.00 Target Down
17/08/2017 Broker: Credit Suisse Rating: Sector Perform Old Target: $11.50 New Target: $10.00 Target Down
17/08/2017 Broker: National Bank Canada Rating: Sector Perform Old Target: $11.50 New Target: $10.00 Target Down
17/08/2017 Broker: Raymond James Old Rating: Strong Buy New Rating: Outperform Old Target: $16.00 New Target: $13.00 Downgrade
17/08/2017 Broker: Scotia Capital Rating: Sector Perform Old Target: $13.00 New Target: $11.00 Target Down
17/08/2017 Broker: TD Securities Rating: Hold Old Target: $11.00 New Target: $9.50 Target Down

The stock decreased 6.04% or $0.3 during the last trading session, reaching $4.67. About 2.09 million shares traded. Element Fleet Management Corp. (TSE:EFN) has 0.00% since February 15, 2017 and is . It has underperformed by 16.70% the S&P500.

Element Fleet Management Corp. operates as a fleet management firm in North America. The company has market cap of $1.78 billion. The firm offers fleet management services, including acquisition, financing, program management, and remarketing services for cars and light duty vehicles, medium and heavy duty trucks, material handling equipment, automobiles, and specialty vehicles and equipment, as well as corporate, municipal, and industrial fleets. It has a 6.34 P/E ratio. It serves agriculture, business services, chemical, construction, consumer products, education and non-profit, energy, food and beverage, insurance, manufacturing, pharmaceutical and healthcare, professional services, telecommunications, transportation, and utilities industries.

More recent Element Fleet Management Corp. (TSE:EFN) news were published by: Bloomberg.com which released: “Muddy Waters Founder Sees ‘Real Problems’ With Canada” on May 31, 2017. Also Marketwired.com published the news titled: “Element Closes Transaction to Separate into Element Fleet Management and ECN …” on October 03, 2016. Theglobeandmail.com‘s news article titled: “Element shares plunge as CEO departs, colouring Steve Hudson’s legacy” with publication date: February 06, 2018 was also an interesting one.

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