Raymond James Financial, Inc. set a C$17.00 target price on Element Fleet Management Corp (TSE:EFN) in a report released on Monday morning. The firm currently has a strong-buy rating on the financial services provider’s stock.

Other equities analysts have also issued reports about the stock. BMO Capital Markets cut their target price on shares of Element Fleet Management Corp from C$16.00 to C$15.00 in a report on Friday, March 10th. TD Securities lowered shares of Element Fleet Management Corp from a buy rating to a hold rating and lifted their target price for the company from C$14.50 to C$15.00 in a report on Friday, March 10th. Scotiabank reaffirmed an outperform rating and set a C$15.00 target price on shares of Element Fleet Management Corp in a report on Tuesday, January 10th. Finally, National Bank Financial cut their target price on shares of Element Fleet Management Corp from C$15.00 to C$14.00 and set a sector perform market weight rating for the company in a report on Friday, March 10th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company’s stock. Element Fleet Management Corp currently has a consensus rating of Buy and a consensus price target of C$15.78.

Shares of Element Fleet Management Corp (TSE:EFN) opened at 12.01 on Monday. The stock has a market cap of $4.66 billion and a price-to-earnings ratio of 12.54. Element Fleet Management Corp has a 1-year low of $11.00 and a 1-year high of $16.57. The firm has a 50-day moving average of $12.70 and a 200 day moving average of $12.70.

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In other news, Director Steven Kenneth Hudson sold 872,880 shares of the company’s stock in a transaction on Wednesday, March 22nd. The shares were sold at an average price of C$12.60, for a total transaction of C$10,998,288.00. Also, Director Paul Damp bought 15,000 shares of the company’s stock in a transaction dated Monday, March 13th. The shares were acquired at an average cost of C$12.86 per share, with a total value of C$192,900.00.

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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