Equities Analysts Offer Predictions for Element Fleet Management Corp’s Q2 2018 Earnings (EFN)
Element Fleet Management Corp (TSE:EFN) – Research analysts at National Bank Financial issued their Q2 2018 earnings estimates for Element Fleet Management Corp in a research note issued to investors on Thursday. National Bank Financial analyst J. Gloyn forecasts that the financial services provider will earn $0.24 per share for the quarter. National Bank Financial currently has a “Sector Perform” rating and a $10.00 target price on the stock.
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EFN has been the topic of several other reports. Barclays PLC reduced their price target on shares of Element Fleet Management Corp from C$18.00 to C$15.00 in a research report on Monday, May 15th. Royal Bank Of Canada lowered shares of Element Fleet Management Corp from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from C$16.00 to C$13.00 in a research report on Monday, April 24th. TD Securities reduced their price target on shares of Element Fleet Management Corp from C$11.00 to C$9.50 and set a “hold” rating on the stock in a research report on Friday. Scotiabank reduced their price target on shares of Element Fleet Management Corp from C$13.00 to C$11.00 and set a “sector perform” rating on the stock in a research report on Friday. Finally, Credit Suisse Group reduced their price target on shares of Element Fleet Management Corp from C$16.00 to C$14.50 in a research report on Thursday, May 11th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Element Fleet Management Corp currently has a consensus rating of “Hold” and a consensus target price of C$11.65.
Element Fleet Management Corp (TSE:EFN) opened at 8.13 on Monday. Element Fleet Management Corp has a one year low of $6.20 and a one year high of $16.57. The company has a market cap of $3.15 billion and a PE ratio of 9.80. The firm has a 50-day moving average of $9.15 and a 200-day moving average of $11.35.
In other Element Fleet Management Corp news, insider Samir Michael Zabaneh purchased 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 21st. The stock was acquired at an average cost of C$9.10 per share, with a total value of C$109,200.00. Also, insider Kristi Webb purchased 20,000 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The shares were acquired at an average cost of C$9.59 per share, with a total value of C$191,800.00. Over the last ninety days, insiders acquired 45,160 shares of company stock valued at $426,020.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend is Thursday, September 28th.
About Element Fleet Management Corp
Element Financial Corporation is an independentfinancial services company that originates, co-invests in and manages asset-based financings with operations in Canada and the United States. The Company operates in four business verticals: Commercial and Vendor Finance, Aviation Finance, Fleet Management and Rail Finance.
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