Were Analysts Bearish Element Fleet Management Corp. (TSE:EFN) This Week?

February 15, 2018 - By Dolores Ford

 Were Analysts Bearish Element Fleet Management Corp. (TSE:EFN) This Week?

Element Fleet Management Corp. (TSE:EFN) Ratings Coverage

Among 8 analysts covering Element Financial Corporation (TSE:EFN), 3 have Buy rating, 0 Sell and 5 Hold. Therefore 38% are positive. Element Financial Corporation had 32 analyst reports since August 10, 2015 according to SRatingsIntel. Scotia Capital maintained Element Fleet Management Corp. (TSE:EFN) rating on Tuesday, January 10. Scotia Capital has “Outperform” rating and $15 target. RBC Capital Markets maintained Element Fleet Management Corp. (TSE:EFN) on Thursday, February 4 with “Outperform” rating. The company was maintained on Thursday, September 22 by Scotia Capital. The rating was reinitiated by Barclays Capital on Wednesday, September 2 with “Overweight”. BMO Capital Markets maintained Element Fleet Management Corp. (TSE:EFN) rating on Tuesday, September 1. BMO Capital Markets has “Outperform” rating and $24 target. The firm has “Hold” rating by TD Securities given on Friday, March 10. On Thursday, October 15 the stock rating was maintained by Scotia Capital with “Sector Outperform”. On Thursday, August 17 the stock rating was downgraded by Raymond James to “Outperform”. Scotia Capital maintained Element Fleet Management Corp. (TSE:EFN) on Monday, August 10 with “Outperform” rating. Scotia Capital downgraded the shares of EFN in report on Friday, March 10 to “Sector Perform” rating. Below is a list of Element Fleet Management Corp. (TSE:EFN) latest ratings and price target changes.

17/08/2017 Broker: BMO Capital Markets Rating: Old Target: $15.00 New Target: $11.00 Target Down
17/08/2017 Broker: IBC Rating: Outperform Old Target: $15.00 New Target: $10.00 Target Down
17/08/2017 Broker: Credit Suisse Rating: Sector Perform Old Target: $11.50 New Target: $10.00 Target Down
17/08/2017 Broker: National Bank Canada Rating: Sector Perform Old Target: $11.50 New Target: $10.00 Target Down
17/08/2017 Broker: Raymond James Old Rating: Strong Buy New Rating: Outperform Old Target: $16.00 New Target: $13.00 Downgrade
17/08/2017 Broker: Scotia Capital Rating: Sector Perform Old Target: $13.00 New Target: $11.00 Target Down
17/08/2017 Broker: TD Securities Rating: Hold Old Target: $11.00 New Target: $9.50 Target Down

The stock decreased 6.04% or $0.3 during the last trading session, reaching $4.67. About 2.09 million shares traded. Element Fleet Management Corp. (TSE:EFN) has 0.00% since February 15, 2017 and is . It has underperformed by 16.70% the S&P500.

Element Fleet Management Corp. operates as a fleet management firm in North America. The company has market cap of $1.78 billion. The firm offers fleet management services, including acquisition, financing, program management, and remarketing services for cars and light duty vehicles, medium and heavy duty trucks, material handling equipment, automobiles, and specialty vehicles and equipment, as well as corporate, municipal, and industrial fleets. It has a 6.34 P/E ratio. It serves agriculture, business services, chemical, construction, consumer products, education and non-profit, energy, food and beverage, insurance, manufacturing, pharmaceutical and healthcare, professional services, telecommunications, transportation, and utilities industries.

More recent Element Fleet Management Corp. (TSE:EFN) news were published by: Theglobeandmail.com which released: “Element shares plunge as CEO departs, colouring Steve Hudson’s legacy” on February 06, 2018. Also Marketwired.com published the news titled: “Element Closes Transaction to Separate into Element Fleet Management and ECN …” on October 03, 2016. Bloomberg.com‘s news article titled: “Muddy Waters Founder Sees ‘Real Problems’ With Canada” with publication date: May 31, 2017 was also an interesting one.

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