Element Fleet Management Corp (TSE:EFN) was downgraded by stock analysts at CSFB from an “outperform” rating to a “neutral” rating in a note issued to investors on Friday. They currently have a C$10.50 target price on the financial services provider’s stock, down from their prior target price of C$13.00. CSFB’s target price indicates a potential upside of 23.53% from the stock’s current price.

Several other equities analysts also recently weighed in on EFN. Credit Suisse Group cut their target price on Element Fleet Management Corp from C$16.00 to C$14.50 in a research report on Thursday, May 11th. Barclays PLC dropped their price objective on Element Fleet Management Corp from C$15.00 to C$14.00 and set an “overweight” rating for the company in a report on Monday, May 8th. Royal Bank Of Canada cut Element Fleet Management Corp from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from C$16.00 to C$13.00 in a report on Monday, April 24th. TD Securities dropped their price objective on Element Fleet Management Corp from C$13.50 to C$11.00 and set a “hold” rating for the company in a report on Friday, July 28th. Finally, Scotiabank dropped their price objective on Element Fleet Management Corp from C$14.00 to C$13.00 and set a “sector perform” rating for the company in a report on Friday, June 2nd. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Element Fleet Management Corp presently has an average rating of “Hold” and an average target price of C$11.65.

Shares of Element Fleet Management Corp (TSE:EFN) traded down 4.94% on Friday, hitting $8.08. 2,884,235 shares of the stock were exchanged. The company has a 50 day moving average of $9.17 and a 200 day moving average of $11.38. Element Fleet Management Corp has a 52-week low of $6.20 and a 52-week high of $16.57. The company has a market cap of $3.14 billion and a price-to-earnings ratio of 9.73.

TRADEMARK VIOLATION WARNING: This piece was first published by Watch List News and is the property of of Watch List News. If you are viewing this piece on another website, it was stolen and reposted in violation of US and international trademark and copyright legislation. The legal version of this piece can be accessed at https://www.watchlistnews.com/csfb-lowers-element-fleet-management-corp-efn-to-neutral/1473121.html.

In related news, insider Kristi Webb bought 20,000 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The stock was purchased at an average cost of C$9.59 per share, for a total transaction of C$191,800.00. Also, insider Samir Michael Zabaneh bought 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The stock was bought at an average price of C$9.10 per share, with a total value of C$109,200.00. Insiders bought 45,160 shares of company stock valued at $426,020 over the last ninety days.

Element Fleet Management Corp Company Profile

Element Financial Corporation is an independentfinancial services company that originates, co-invests in and manages asset-based financings with operations in Canada and the United States. The Company operates in four business verticals: Commercial and Vendor Finance, Aviation Finance, Fleet Management and Rail Finance.

Analyst Recommendations for Element Fleet Management Corp (TSE:EFN)

Receive News & Ratings for Element Fleet Management Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Element Fleet Management Corp and related companies with Analyst Ratings Network's FREE daily email newsletter.