The stock of Element Fleet Management Corp (TSE:EFN) is a huge mover today! About 556,139 shares traded hands. Element Fleet Management Corp (TSE:EFN) has declined 9.60% since April 1, 2016 and is downtrending. It has underperformed by 11.56% the S&P500.
The move comes after 5 months negative chart setup for the $4.89 billion company. It was reported on Nov, 8 by Barchart.com. We have $11.88 PT which if reached, will make TSE:EFN worth $293.40 million less.
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 74.92% above today’s ($12.64) stock price. Element Financial Corporation has been the topic of 15 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The firm earned “Sector Outperform” rating on Thursday, October 15 by Scotia Capital. The company was maintained on Tuesday, September 1 by BMO Capital Markets. Scotia Capital maintained it with “Outperform” rating and $25 target price in Monday, August 10 report. RBC Capital Markets maintained Element Fleet Management Corp (TSE:EFN) on Thursday, February 4 with “Outperform” rating. The rating was reinitiated by Barclays Capital with “Overweight” on Wednesday, September 2. The rating was maintained by Scotia Capital with “Outperform” on Thursday, September 22.
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 Valuewalk.com with their article: “Corsair Capital Management 3Q16 Letter: Long Element Fleet Management Corp” published on November 03, 2016, Marketwatch.com published: “Element Fleet Management Corp. 4.25% Conv. Sub. Debs.” on May 01, 2016. More interesting news about Element Fleet Management Corp (TSE:EFN) were released by: Bloomberg.com and their article: “GE Sells Vehicle-Fleet Assets to Element for $6.9 Billion” published on June 29, 2015 as well as Bloomberg.com‘s news article titled: “Element Financial Splits Into Two Separate Listed Companies” with publication date: February 16, 2016.
Element Fleet Management Corp, formerly Element Financial Corp is a Canada fleet management company. The company has a market cap of $4.89 billion. The Firm is engaged in providing management services and financing for commercial vehicle and equipment fleets. It has a 18.77 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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