Element Fleet Management (TSE:EFN) Downgraded by Jefferies Financial Group to “Hold”

Element Fleet Management (TSE:EFN) was downgraded by investment analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday,BayStreet.CA reports. They currently have a C$30.00 price objective on the financial services provider’s stock, down from their previous price objective of C$32.00. Jefferies Financial Group’s price objective would indicate a potential upside of 10.66% from the stock’s current price.

Several other analysts also recently weighed in on the company. Royal Bank of Canada upped their price objective on Element Fleet Management from C$33.00 to C$35.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 14th. TD Securities lifted their price objective on Element Fleet Management from C$32.00 to C$33.00 and gave the stock a “buy” rating in a research note on Thursday. Raymond James lifted their price objective on Element Fleet Management from C$30.00 to C$34.00 in a research report on Thursday. Scotiabank dropped their target price on shares of Element Fleet Management from C$33.00 to C$32.00 in a research report on Thursday. Finally, CIBC upped their target price on Element Fleet Management from C$30.00 to C$33.00 in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$33.50.

Element Fleet Management Stock Up 0.1 %

Shares of EFN opened at C$27.11 on Friday. Element Fleet Management has a 12 month low of C$20.62 and a 12 month high of C$30.04. The firm’s 50 day moving average is C$28.66 and its 200-day moving average is C$26.30. 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 has a market capitalization of C$10.94 billion, a PE ratio of 21.18, a P/E/G ratio of 2.97 and a beta of 0.91.

Insider Activity

In other news, Senior Officer Laura Lee Dottori-Attanasio acquired 18,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was bought at an average price of C$27.67 per share, with a total value of C$498,074.40. Insiders own 0.26% of the company’s stock.

Element Fleet Management Company Profile

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.