Element Financial Receives a Hold from BTIG

By Jason Carr

BTIG analyst Mark Palmer assigned a Hold rating to Element Financial (NASDAQ: ELEEF) on November 10. The company’s shares closed last Thursday at $9.05.

According to TipRanks.com, Palmer is a 4-star analyst with an average return of 1.0% and a 56.4% success rate. Palmer covers the Financial sector, focusing on stocks such as Santander Consumer USA, Assured Guaranty Ltd, and Synchrony Financial.

Element Financial has an analyst consensus of Moderate Buy.

Element Financial’s market cap is currently $3.5B and has a P/E ratio of 17.48. The company has a book value ratio of 0.9349.

Element Fleet Management Corp. is an independent financial services company, which co-invests in and manages asset-based financings with operations in both Canada and the United States. It originates the financing of a broad range of equipment and capital assets by way of secured loans, financial leases, conditional sales contracts and operating leases. The company operates its business through four 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 Aviation Finance segment originates large aviation financing and leasing transactions. The Fleet Management segment provides vehicle fleet leasing and management solutions and related service programs to Canadian companies, including service cards, remarketing, maintenance management and accident services. The Rail Finance segment provides railcar leasing through its relationships with railcar manufacturers and vendors. It also operates in two distinct segments of the asset-based finance market: commercial finance and corporate finance. Element Fleet Management Corp. was founded by J. Stephen Sands on May 11, 2007 and is headquartered in Toronto, Canada.