The stock of Element Fleet Management Corp (TSE:EFN) is a huge mover today! About 154,881 shares traded hands. Element Fleet Management Corp (TSE:EFN) has declined 18.69% since April 14, 2016 and is downtrending. It has underperformed by 23.12% the S&P500.
The move comes after 5 months negative chart setup for the $4.54B company. It was reported on Nov, 18 by Barchart.com. We have $11.04 PT which if reached, will make TSE:EFN worth $272.40M 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 $14 is the lowest. The $19.94 average target is 69.85% above today’s ($11.74) stock price. Element Financial Corporation has been the topic of 18 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The stock of Element Fleet Management Corp (TSE:EFN) earned “Outperform” rating by Scotia Capital on Monday, August 10. Scotia Capital maintained the shares of EFN in a report on Thursday, September 22 with “Outperform” rating. The firm earned “Outperform” rating on Tuesday, September 1 by BMO Capital Markets. On Wednesday, September 2 the stock rating was reinitiated by Barclays Capital with “Overweight”. The stock of Element Fleet Management Corp (TSE:EFN) has “Outperform” rating given on Thursday, February 4 by RBC Capital Markets. The firm has “Sector Outperform” rating given on Thursday, October 15 by Scotia Capital.
More news for Element Fleet Management Corp (TSE:EFN) were recently published by: Marketwatch.com, which released: “Element Fleet Management Corp. Opens the Market” on October 03, 2016. Forbes.com‘s article titled: “Element Fleet Management Getting Very Oversold (EFN)” and published on November 08, 2016 is yet another important article.
Element Fleet Management Corp. is a Canada fleet management firm that provides services and financing for commercial vehicle fleets. The company has a market cap of $4.54 billion. The Company’s offerings span the total fleet lifecycle, from acquisition and financing, to program management and remarketing. It has a 17.9 P/E ratio. The Firm provides both essential and fully outsourced fleet management, with services for cars and light duty vehicles, medium and heavy duty trucks and material handling equipment.
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