Shares of Element Fleet Management (EFN) were revisited by a Wall Street analyst today. Raymond James’ analyst Brenna Phelan reiterates their Buy rating on the shares, with a C$10.50 price target.
Phelan has an average return of 12.7% when recommending Element Fleet Management.
According to TipRanks.com, Phelan is ranked #2304 out of 5105 analysts.
Currently, the analyst consensus on Element Fleet Management is a Strong Buy with an average price target of C$9.56.
Based on Element Fleet Management’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of C$341 million. In comparison, last year the company had a net profit of C$67.18 million.
Element Fleet Management Corp. engages in the provision of financial services. It operates through the following segments: Commercial and Vendor Finance, Aviation Finance, Fleet Management and Rail Finance. The Commercial and Vendor Finance segment is its vertical servicing the mid-ticket finance segment of the equipment finance industry.
The company’s shares closed on Monday at C$6.64.
