Element Fleet Management Corp (TSE:EFN) had its target price lowered by BMO Capital Markets from C$15.00 to C$11.00 in a research note issued to investors on Thursday morning, StockTargetPrices.com reports.

A number of other analysts have also recently weighed in on EFN. CIBC dropped their target price on shares of Element Fleet Management Corp from C$15.00 to C$10.00 and set an outperform rating on the stock in a report on Friday, August 11th. Scotiabank dropped their target price 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 report on Friday, August 11th. National Bank Financial dropped their target price on shares of Element Fleet Management Corp from C$11.50 to C$10.00 and set a sector perform rating on the stock in a report on Friday, August 11th. CSFB cut shares of Element Fleet Management Corp from an outperform rating to a neutral rating and dropped their target price for the stock from C$13.00 to C$10.50 in a report on Friday, August 11th. Finally, Barclays PLC increased their target price on shares of Element Fleet Management Corp from C$12.00 to C$14.00 in a report on Friday, August 11th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of C$11.20.

Element Fleet Management Corp (EFN) opened at 8.82 on Thursday. Element Fleet Management Corp has a 52-week low of $6.20 and a 52-week high of $16.57. The stock has a market capitalization of $3.42 billion and a P/E ratio of 13.16. The company has a 50 day moving average of $9.13 and a 200-day moving average of $11.19.

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The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.30 annualized dividend and a dividend yield of 3.40%.

In related news, insider Samir Michael Zabaneh bought 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The stock was purchased at an average price of C$9.10 per share, for a total transaction of C$109,200.00. Also, insider Kristi Webb bought 20,000 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The stock was bought at an average price of C$9.59 per share, with a total value of C$191,800.00. Insiders have bought 45,160 shares of company stock valued at $426,020 in the last 90 days.

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.

Stock Target Prices

Analyst Recommendations for Element Fleet Management Corp (TSE:EFN)

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