Element Financial (TSE:EFN) had its price target trimmed by CIBC from C$8.50 to C$6.00 in a research report report published on Friday, March 16th.
EFN has been the topic of several other reports. Scotiabank dropped 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. CSFB lowered their price objective on Element Financial from C$9.50 to C$6.00 in a report on Friday, March 16th. TD Securities lowered their price objective on Element Financial from C$11.00 to C$10.50 and set a hold rating on the stock in a report on Thursday, January 18th. National Bank Financial lowered Element Financial from a sector perform rating to an underperform rating and lowered their price objective for the company from C$10.50 to C$8.00 in a report on Tuesday, February 6th. Finally, Barclays lowered their price objective on Element Financial from C$12.00 to C$11.00 in a report on Tuesday, February 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of C$6.90.
Shares of EFN stock opened at C$4.45 on Friday. Element Financial has a fifty-two week low of C$3.21 and a fifty-two week high of C$12.46.
Element Financial (TSE:EFN) last issued its earnings results on Thursday, March 15th. The financial services provider reported C$0.19 earnings per share for the quarter, hitting the consensus estimate of C$0.19. The firm had revenue of C$229.81 million during the quarter, compared to analyst estimates 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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