Element Fleet Management Corp (TSE:EFN) was downgraded by equities researchers at Scotiabank from an “outperform” rating to a “sector perform” rating in a research report issued to clients and investors on Friday. They currently have a C$15.00 price objective on the financial services provider’s stock. Scotiabank’s price target suggests a potential upside of 24.90% from the company’s previous close.

Several other research firms also recently issued reports on EFN. TD Securities dropped their target price on Element Fleet Management Corp from C$14.00 to C$13.50 and set a “buy” rating on the stock in a research report on Tuesday, November 15th. Barclays PLC lowered their price objective on Element Fleet Management Corp from C$19.00 to C$18.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 15th. CIBC lowered their price objective on Element Fleet Management Corp from C$15.50 to C$15.00 in a research report on Tuesday, November 15th. Royal Bank of Canada lowered their price objective on Element Fleet Management Corp from C$17.00 to C$16.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 15th. Finally, Raymond James Financial, Inc. reiterated a “sector perform” rating and issued a C$17.00 price objective on shares of Element Fleet Management Corp in a research report on Thursday, February 2nd. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of C$15.78.

Analyst Recommendations for Element Fleet Management Corp (TSE:EFN)

Element Fleet Management Corp (TSE:EFN) opened at 12.01 on Friday. The stock’s 50 day moving average price is $12.70 and its 200-day moving average price is $12.70. Element Fleet Management Corp has a one year low of $11.00 and a one year high of $16.57. The firm has a market capitalization of $4.66 billion and a price-to-earnings ratio of 12.54.

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

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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