The stock of Element Fleet Management Corp (TSE:EFN) is a huge mover today! About 71,678 shares traded hands. Element Fleet Management Corp (TSE:EFN) has declined 13.85% since April 8, 2016 and is downtrending. It has underperformed by 18.83% the S&P500.
The move comes after 9 months positive chart setup for the $4.70B company. It was reported on Nov, 14 by Barchart.com. We have $17.74 PT which if reached, will make TSE:EFN worth $2.16 billion 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 $14 is the lowest. The $20.72 average target is 70.53% above today’s ($12.15) stock price. Element Financial Corporation has been the topic of 17 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The rating was maintained by Scotia Capital on Thursday, September 22 with “Outperform”. The stock has “Sector Outperform” rating given by Scotia Capital on Thursday, October 15. The stock of Element Fleet Management Corp (TSE:EFN) earned “Outperform” rating by RBC Capital Markets on Thursday, February 4. BMO Capital Markets maintained Element Fleet Management Corp (TSE:EFN) rating on Tuesday, September 1. BMO Capital Markets has “Outperform” rating and $24 price target. Barclays Capital reinitiated the stock with “Overweight” rating in Wednesday, September 2 report. The stock has “Outperform” rating given by Scotia Capital on Monday, August 10.
More 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 Forbes.com published the news titled: “Element Fleet Management Getting Very Oversold (EFN)” on November 08, 2016. Valuewalk.com‘s news article titled: “Corsair Capital Management 3Q16 Letter: Long Element Fleet Management Corp” with publication date: November 03, 2016 was also an interesting one.
Element Fleet Management Corp, formerly Element Financial Corp, is a Canada fleet management firm that provides management services and financing for commercial vehicle fleets. The company has a market cap of $4.70 billion. It offers fleet management services that span the total fleet lifecycle, from acquisition and financing, to program management and remarketing. It has a 18.04 P/E ratio. It finances a range of fleet vehicles by way of secured loans, financial leases, conditional sales contracts and operating leases.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.