Q1 2018 EPS Estimates for Element Fleet Management Corp. (EFN) Decreased by Analyst

Element Fleet Management Corp. (TSE:EFN) – Research analysts at National Bank Financial decreased their Q1 2018 EPS estimates for Element Fleet Management Corp. in a research note issued on Wednesday. National Bank Financial analyst J. Gloyn now anticipates that the financial services provider will post earnings per share of $0.23 for the quarter, down from their previous estimate of $0.24. National Bank Financial currently has a “Sector Perform” rating and a $10.50 price objective on the stock. National Bank Financial also issued estimates for Element Fleet Management Corp.’s FY2018 earnings at $0.99 EPS.

A number of other brokerages also recently issued reports on EFN. TD Securities lowered their price target on Element Fleet Management Corp. from C$13.50 to C$11.00 and set a “hold” rating on the stock in a research report on Friday, July 28th. Royal Bank Of Canada upgraded Element Fleet Management Corp. from a “sector perform” rating to an “outperform” rating and set a C$13.00 price target on the stock in a research report on Monday, July 24th. CSFB lowered their price target on Element Fleet Management Corp. from C$14.50 to C$13.00 and set an “outperform” rating on the stock in a research report on Monday, July 31st. CIBC downgraded Element Fleet Management Corp. from an “outperform” rating to a “neutral” rating and increased their price target for the stock from C$10.00 to C$11.00 in a research report on Tuesday, October 31st. Finally, Raymond James Financial, Inc. downgraded Element Fleet Management Corp. from a “strong-buy” rating to an “outperform” rating and lowered their price target for the stock from C$16.00 to C$13.00 in a research report on Thursday, August 17th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of C$11.50.

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Shares of Element Fleet Management Corp. (EFN) traded down C$0.02 on Monday, hitting C$9.45. The stock had a trading volume of 652,850 shares, compared to its average volume of 1,979,815. Element Fleet Management Corp. has a 1 year low of C$6.20 and a 1 year high of C$14.42.

Element Fleet Management Corp. 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.

Earnings History and Estimates for Element Fleet Management Corp. (TSE:EFN)

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