Shares of Element Fleet Management Corp (TSE:EFN) have been assigned an average rating of “Hold” from the ten analysts that are currently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$11.20.

A number of analysts recently commented on EFN shares. CSFB cut shares of Element Fleet Management Corp from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from C$13.00 to C$10.50 in a research note on Friday, August 11th. TD Securities decreased their price objective on shares of Element Fleet Management Corp from C$13.50 to C$11.00 and set a “hold” rating for the company in a research note on Friday, July 28th. National Bank Financial set a C$11.50 price objective on shares of Element Fleet Management Corp in a research note on Tuesday, August 8th. Royal Bank Of Canada restated a “sector perform” rating on shares of Element Fleet Management Corp in a research note on Wednesday, June 28th. Finally, Barclays PLC lifted their price objective on shares of Element Fleet Management Corp from C$12.00 to C$14.00 in a research note on Friday, August 11th.

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Element Fleet Management Corp (TSE:EFN) opened at 9.29 on Friday. The company’s 50-day moving average is $9.18 and its 200-day moving average is $9.99. Element Fleet Management Corp has a 12 month low of $6.20 and a 12 month high of $14.42. The company has a market cap of $3.60 billion and a P/E ratio of 13.87.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 3.23%. The ex-dividend date of this dividend is Thursday, September 28th.

Element Fleet Management Corp Company Profile

Element Fleet Management Corp. operates as a fleet management company in North America. The company 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.

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

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