CSFB reiterated their neutral rating on shares of Element Financial (TSE:EFN) in a research report sent to investors on Wednesday morning. CSFB currently has a C$6.00 target price on the financial services provider’s stock.
A number of other brokerages have also issued reports on EFN. CIBC increased their target price on Element Financial from C$11.00 to C$12.00 and gave the company an outperform rating in a research report on Wednesday, December 13th. TD Securities decreased their target price on Element Financial from C$11.00 to C$10.50 and set a hold rating on the stock in a research report on Thursday, January 18th. National Bank Financial lowered Element Financial from a sector perform rating to an underperform rating and decreased their target price for the company from C$10.50 to C$8.00 in a research report on Tuesday, February 6th. Scotiabank decreased their target price on Element Financial from C$10.50 to C$9.00 and set a sector perform rating on the stock in a research report on Tuesday, February 6th. Finally, Raymond James Financial decreased their target price on Element Financial from C$13.00 to C$11.00 and set an outperform rating on the stock in a research report on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. Element Financial has an average rating of Hold and an average price target of C$6.90.
Shares of TSE:EFN opened at C$4.45 on Wednesday. Element Financial has a 1 year low of C$3.21 and a 1 year high of C$12.46.
Element Financial (TSE:EFN) last announced its earnings results on Thursday, March 15th. The financial services provider reported C$0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.19. The business had revenue of C$229.81 million for the quarter, compared to analysts’ expectations of C$239.00 million.
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Element Financial 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.
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