BMO Capital Markets Raises Element Fleet Management (EFN) Price Target to C$10.00

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Element Fleet Management (TSE:EFN) had its target price lifted by BMO Capital Markets from C$8.00 to C$10.00 in a report issued on Sunday morning.

Other equities research analysts have also issued reports about the stock. CIBC upped their price objective on shares of Element Fleet Management from C$6.50 to C$7.00 in a research note on Wednesday, August 15th. Cormark upped their price objective on shares of Element Fleet Management from C$6.50 to C$7.00 in a research note on Wednesday, August 15th. Royal Bank of Canada upped their price objective on shares of Element Fleet Management from C$8.00 to C$9.00 and gave the company an outperform rating in a research note on Tuesday, August 14th. National Bank Financial raised shares of Element Fleet Management from a sector perform market weight rating to an outperform market weight rating in a research note on Thursday, October 11th. Finally, Raymond James raised shares of Element Fleet Management from an outperform rating to a strong-buy rating and upped their price objective for the company from C$8.50 to C$10.50 in a research note on Sunday. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Buy and a consensus price target of C$8.70.

TSE:EFN opened at C$8.10 on Friday. Element Fleet Management has a 52 week low of C$3.21 and a 52 week high of C$11.03.

Element Fleet Management (TSE:EFN) last posted its quarterly earnings data on Monday, August 13th. The financial services provider reported C$0.19 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.17 by C$0.02. The firm had revenue of C$219.44 million during the quarter, compared to the consensus estimate of C$216.00 million.

The business also recently announced a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Monday, October 15th were paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 3.70%. The ex-dividend date was Thursday, September 27th.

About Element Fleet Management

Element Fleet Management Corp. operates as a fleet management company in Canada, the United States, and internationally. 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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Analyst Recommendations for Element Fleet Management (TSE:EFN)

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