Element Fleet Management Corp (EFN) Receives Consensus Rating of “Hold” from Analysts
Element Fleet Management Corp (TSE:EFN) has earned an average rating of “Hold” from the ten ratings firms that are covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$11.20.
Several equities research analysts have recently issued reports on EFN shares. BMO Capital Markets decreased their price target on shares of Element Fleet Management Corp from C$15.00 to C$11.00 in a research note on Friday, August 11th. Barclays PLC raised their price target on shares of Element Fleet Management Corp from C$12.00 to C$14.00 in a research note on Friday, August 11th. National Bank Financial set a C$11.50 price target on shares of Element Fleet Management Corp in a research note on Tuesday, August 8th. TD Securities decreased their price target 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. Finally, CSFB lowered shares of Element Fleet Management Corp from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from C$13.00 to C$10.50 in a research note on Friday, August 11th.
The firm also recently disclosed 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. The ex-dividend date is Thursday, September 28th. This represents a $0.30 dividend on an annualized basis and a yield of 3.25%.
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About Element Fleet Management Corp
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.
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