Element Fleet Management Corp. (TSE:EFN) Given Consensus Rating of “Moderate Buy” by Brokerages

Element Fleet Management Corp. (TSE:EFN) has earned an average recommendation of “Moderate Buy” from the nine analysts that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$33.63.

Several equities analysts recently commented on the stock. National Bankshares upped their target price on shares of Element Fleet Management from C$37.00 to C$39.00 in a research note on Thursday, November 14th. Scotiabank cut their target price on shares of Element Fleet Management from C$33.00 to C$32.00 in a research note on Thursday, November 14th. Raymond James upped their target price on shares of Element Fleet Management from C$30.00 to C$34.00 in a research note on Thursday, November 14th. CIBC upped their target price on shares of Element Fleet Management from C$33.00 to C$34.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Finally, Jefferies Financial Group cut shares of Element Fleet Management from a “buy” rating to a “hold” rating and cut their target price for the company from C$32.00 to C$30.00 in a research note on Friday, November 15th.

Insider Buying and Selling at Element Fleet Management

In other news, Senior Officer Carlos David Madrigal Gonzalez bought 3,375 shares of the stock in a transaction dated Wednesday, November 20th. The shares were acquired at an average price of C$28.92 per share, with a total value of C$97,618.50. Also, Senior Officer James Halliday sold 33,664 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of C$30.00, for a total transaction of C$1,009,920.00. Insiders have acquired 19,625 shares of company stock valued at $562,999 in the last 90 days. 0.26% of the stock is currently owned by company insiders.

Element Fleet Management Price Performance

Shares of Element Fleet Management stock opened at C$28.62 on Friday. The firm has a fifty day simple moving average of C$28.80 and a 200-day simple moving average of C$28.41. The company has a current ratio of 7.04, a quick ratio of 5.70 and a debt-to-equity ratio of 303.64. Element Fleet Management has a 1-year low of C$21.20 and a 1-year high of C$30.49. The stock has a market capitalization of C$8.20 billion, a price-to-earnings ratio of 23.75, a PEG ratio of 2.97 and a beta of 0.91.

About Element Fleet Management

Element Financial separated into two independent public companies in October 2016. The former company now consists of Element Fleet Management, a global fleet management company, and ECN Capital, a commercial finance company. Element Fleet Management provides management services and financing for commercial vehicle and equipment fleets.