Element Fleet Management Corp. (TSE:EFN – Get Free Report) has earned a consensus rating of “Buy” from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$34.00.
Several brokerages recently weighed in on EFN. Jefferies Financial Group lowered Element Fleet Management from a “buy” rating to a “hold” rating and cut their target price for the stock from C$32.00 to C$30.00 in a research report on Friday, November 15th. Raymond James raised their price objective on Element Fleet Management from C$34.00 to C$36.00 in a research report on Friday, February 28th. Scotiabank cut their price objective on Element Fleet Management from C$33.00 to C$32.00 in a research report on Thursday, November 14th. CIBC raised their price objective on Element Fleet Management from C$33.00 to C$34.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Finally, TD Securities raised their price objective on Element Fleet Management from C$32.00 to C$33.00 and gave the company a “buy” rating in a research report on Thursday, November 14th.
Read Our Latest Research Report on EFN
Element Fleet Management Trading Up 0.3 %
Insider Transactions at Element Fleet Management
In other news, Senior Officer Heath Leslie Valkenburg purchased 2,550 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was acquired at an average cost of C$28.46 per share, for a total transaction of C$72,571.98. Also, Senior Officer Laura Lee Dottori-Attanasio purchased 10,500 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average price of C$28.70 per share, with a total value of C$301,350.00. Over the last ninety days, insiders have acquired 33,550 shares of company stock valued at $945,863. 0.26% of the stock is currently owned by insiders.
Element Fleet Management Company Profile
Element Financial separated into two independent public companies in October 2016. The former company now consists of Element Fleet Management, a global fleet management company, and ECN Capital, a commercial finance company. Element Fleet Management provides management services and financing for commercial vehicle and equipment fleets.
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