CSFB Trims Element Financial (EFN) Target Price to C$6.00

Element Financial (TSE:EFN) had its target price decreased by CSFB from C$9.50 to C$6.00 in a research report issued on Friday, March 16th. CSFB’s price target suggests a potential upside of 34.83% from the company’s current price.

Other analysts have also recently issued research reports about the company. BMO Capital Markets decreased their target price on Element Financial from C$9.50 to C$8.00 and set an “outperform” rating on the stock in a report on Friday, March 16th. Scotiabank cut their price target on Element Financial from C$10.50 to C$9.00 and set a “sector perform” rating on the stock in a research note on Tuesday, February 6th. Royal Bank of Canada cut their price target on Element Financial from C$8.00 to C$7.00 and set an “outperform” rating on the stock in a research note on Friday, March 16th. Raymond James Financial cut their price target on Element Financial from C$13.00 to C$11.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 6th. Finally, TD Securities cut their price target on Element Financial from C$10.50 to C$7.50 and set a “hold” rating on the stock in a research note on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. Element Financial currently has a consensus rating of “Hold” and an average price target of C$6.90.

EFN opened at C$4.45 on Friday. 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 quarterly earnings results on Thursday, March 15th. The financial services provider reported C$0.19 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.19. The company had revenue of C$229.81 million during the quarter, compared to the consensus estimate 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.

Analyst Recommendations for Element Financial (TSE:EFN)

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