Element Fleet Management (TSE:EFN) Price Target Raised to C$34.00

Element Fleet Management (TSE:EFN) had its price target raised by Raymond James from C$30.00 to C$34.00 in a note issued to investors on Thursday,BayStreet.CA reports. Raymond James’ price target would indicate a potential upside of 25.41% from the stock’s previous close.

A number of other equities analysts also recently commented on EFN. National Bankshares boosted their price objective on shares of Element Fleet Management from C$34.00 to C$37.00 in a research note on Friday, September 27th. BMO Capital Markets upped their price objective on Element Fleet Management from C$28.00 to C$32.00 in a research note on Thursday, August 15th. Royal Bank of Canada lifted their target price on Element Fleet Management from C$33.00 to C$35.00 and gave the company an “outperform” rating in a research note on Wednesday, August 14th. Scotiabank decreased their price target on shares of Element Fleet Management from C$33.00 to C$32.00 in a research report on Thursday. Finally, Jefferies Financial Group lifted their price objective on shares of Element Fleet Management from C$28.00 to C$31.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Element Fleet Management has a consensus rating of “Moderate Buy” and a consensus price target of C$33.50.

Element Fleet Management Stock Performance

Shares of Element Fleet Management stock opened at C$27.11 on Thursday. The company has a current ratio of 8.22, a quick ratio of 5.70 and a debt-to-equity ratio of 303.14. The stock’s fifty day moving average price is C$28.66 and its 200-day moving average price is C$26.26. The firm has a market cap of C$10.94 billion, a P/E ratio of 21.18, a P/E/G ratio of 2.97 and a beta of 0.91. Element Fleet Management has a 12 month low of C$20.62 and a 12 month high of C$30.04.

Element Fleet Management (TSE:EFN) last posted its earnings results on Tuesday, August 13th. The financial services provider reported C$0.40 EPS for the quarter, beating analysts’ consensus estimates of C$0.37 by C$0.03. Element Fleet Management had a net margin of 23.41% and a return on equity of 12.58%. The business had revenue of C$375.68 million for the quarter, compared to the consensus estimate of C$368.46 million. On average, equities research analysts expect that Element Fleet Management will post 1.6884016 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Senior Officer Laura Lee Dottori-Attanasio bought 18,000 shares of Element Fleet Management stock in a transaction that occurred on Thursday, September 5th. The stock was bought at an average price of C$27.67 per share, for a total transaction of C$498,074.40. 0.26% of the stock is owned by company insiders.

About Element Fleet Management

Element Fleet Management Corp. operates as a fleet management company primarily in Canada, Mexico, Australia, and New Zealand. The company offers end-to-end fleet cars, trucks, and material handling support equipment acquisition; and end-to-end electric vehicle fleet including fleet planning, charging infrastructure solutions, acquisition, financing, maintenance, and remarketing.