National Bank Financial Analysts Give Element Fleet Management (EFN) a C$9.50 Price Target
National Bank Financial set a C$9.50 price objective on Element Fleet Management (TSE:EFN) in a research note published on Sunday morning. The brokerage currently has an outperform rating on the financial services provider’s stock. National Bank Financial also issued estimates for Element Fleet Management’s Q1 2019 earnings at $0.21 EPS, Q2 2019 earnings at $0.21 EPS, FY2019 earnings at $0.87 EPS and FY2020 earnings at $0.95 EPS.
Several other research analysts have also recently weighed in on the company. TD Securities raised Element Fleet Management from a hold rating to a buy rating and boosted their price objective for the stock from C$7.50 to C$10.00 in a research report on Sunday. BMO Capital Markets boosted their price objective on Element Fleet Management from C$8.00 to C$10.00 in a research report on Sunday. Raymond James raised Element Fleet Management from an outperform rating to a strong-buy rating and boosted their price objective for the stock from C$8.50 to C$10.50 in a research report on Sunday. CIBC raised Element Fleet Management from a neutral rating to an outperform rating and boosted their price objective for the stock from C$7.00 to C$10.00 in a research report on Tuesday, September 11th. Finally, Cormark upped their price target on Element Fleet Management from C$6.50 to C$7.00 in a research report on Wednesday, August 15th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Element Fleet Management currently has a consensus rating of Buy and an average price target of C$8.70.
EFN stock opened at C$8.24 on Friday. Element Fleet Management has a 1-year low of C$3.21 and a 1-year high of C$11.03.
The company also recently declared a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Monday, October 15th were given a dividend of $0.075 per share. The ex-dividend date was Thursday, September 27th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 3.64%.
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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