Element Fleet Management Gets a Hold Rating from CIBC

By Jason Carr

The Financial sector company, Element Fleet Management (TSX: EFN), has received a rating update from a Wall Street analyst yesterday. The company received a Hold rating from CIBC’s analyst Paul Holden, with a C$6.50 price target.

According to TipRanks.com, Holden is ranked #1705 out of 4800 analysts.

Element Fleet Management has an analyst consensus of Moderate Buy, with a price target consensus of C$6.83.

The company has a one-year high of C$11.30 and a one-year low of C$3.21. Currently, Element Fleet Management has an average volume of 3.22M.

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 Tuesday at C$5.73.