The stock of Element Fleet Management Corp (TSE:EFN) is a huge mover today! About 259,091 shares traded hands. Element Fleet Management Corp (TSE:EFN) has declined 17.91% since March 11, 2016 and is downtrending. It has underperformed by 23.39% the S&P500.
The move comes after 5 months positive chart setup for the $5.01 billion company. It was reported on Oct, 18 by Barchart.com. We have $21.89 PT which if reached, will make TSE:EFN worth $3.46B more.
Element Fleet Management Corp (TSE:EFN) Ratings Coverage
Out of 5 analysts covering Element Financial Corporation (TSE:EFN), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $27 is the highest target while $17 is the lowest. The $22.11 average target is 70.73% above today’s ($12.95) stock price. Element Financial Corporation has been the topic of 15 analyst reports since August 10, 2015 according to StockzIntelligence Inc. Scotia Capital maintained the shares of EFN in a report on Thursday, September 22 with “Outperform” rating. As per Monday, August 10, the company rating was maintained by Scotia Capital. The stock of Element Fleet Management Corp (TSE:EFN) earned “Sector Outperform” rating by Scotia Capital on Thursday, October 15. Barclays Capital reinitiated Element Fleet Management Corp (TSE:EFN) on Wednesday, September 2 with “Overweight” rating. The stock has “Outperform” rating given by BMO Capital Markets on Tuesday, September 1. The stock of Element Fleet Management Corp (TSE:EFN) earned “Outperform” rating by RBC Capital Markets on Thursday, February 4.
More notable recent Element Fleet Management Corp (TSE:EFN) news were published by: Marketwatch.com which released: “Element Fleet Management Corp. Opens the Market” on October 03, 2016, also Bloomberg.com with their article: “GE Sells Vehicle-Fleet Assets to Element for $6.9 Billion” published on June 29, 2015, Marketwired.com published: “Element Fleet Management Reports Continued Strong Performance in Q2-2016 and …” on August 11, 2016. More interesting news about Element Fleet Management Corp (TSE:EFN) were released by: Bloomberg.com and their article: “Element Financial Splits Into Two Separate Listed Companies” published on February 16, 2016 as well as Marketwatch.com‘s news article titled: “ECN Capital Corp. Opens the Market” with publication date: October 05, 2016.
Element Fleet Management Corp, formerly Element Financial Corp is a Canada fleet management company. The company has a market cap of $5.01 billion. The Firm is engaged in providing management services and financing for commercial vehicle and equipment fleets. It has a 19.23 P/E ratio. It offers a range of fleet management services that spans the total fleet lifecycle, from acquisition and financing to program management and remarketing.
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