Element Financial (EFN) Price Target Cut to C$4.00 by Analysts at National Bank Financial

Element Financial (TSE:EFN) had its price objective cut by National Bank Financial from C$7.00 to C$4.00 in a report released on Friday, March 16th. They currently have an underperform rating on the financial services provider’s stock. National Bank Financial also issued estimates for Element Financial’s Q1 2018 earnings at $0.18 EPS, Q4 2018 earnings at $0.20 EPS and FY2018 earnings at $0.78 EPS.

Other equities analysts have also recently issued research reports about the company. BMO Capital Markets reduced their price target on Element Financial from C$9.50 to C$8.00 and set an outperform rating for the company in a report on Friday, March 16th. Scotiabank reduced their price target on Element Financial from C$10.50 to C$9.00 and set a sector perform rating for the company in a report on Tuesday, February 6th. CSFB reduced their price target on Element Financial from C$9.50 to C$6.00 in a report on Friday, March 16th. Royal Bank of Canada reduced their price target on Element Financial from C$8.00 to C$7.00 and set an outperform rating for the company in a report on Friday, March 16th. Finally, Raymond James Financial cut their price objective on Element Financial from C$13.00 to C$11.00 and set an outperform rating for the company in a research note on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of C$6.90.

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TSE EFN traded up C$0.14 during trading hours on Friday, reaching C$4.45. The company’s stock had a trading volume of 2,542,687 shares, compared to its average volume of 3,218,350. 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 released its quarterly earnings results on Thursday, March 15th. The financial services provider reported C$0.19 earnings per share for the quarter, hitting analysts’ consensus estimates of C$0.19. The business had revenue of C$229.81 million during the quarter, compared to analyst estimates of C$239.00 million.

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About Element Financial

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 Financial (TSE:EFN)

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