Element Fleet Management Corp. (TSE:EFN) Receives C$42.00 Consensus Price Target from Brokerages

Element Fleet Management Corp. (TSE:EFN) has been assigned an average rating of “Buy” from the eight research firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$42.00.

A number of equities research analysts recently weighed in on the company. Scotiabank upped their price target on Element Fleet Management from C$40.00 to C$42.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. Jefferies Financial Group upped their target price on Element Fleet Management from C$41.00 to C$42.00 in a report on Thursday, October 30th. National Bankshares lifted their price target on Element Fleet Management from C$47.00 to C$48.00 and gave the stock an “outperform” rating in a research note on Monday, October 27th. Finally, Raymond James Financial boosted their price objective on shares of Element Fleet Management from C$40.00 to C$41.00 in a research report on Thursday, November 13th.

Insider Activity

In other Element Fleet Management news, insider Heath Leslie Valkenburg purchased 813 shares of the stock in a transaction dated Wednesday, September 10th. The shares were acquired at an average cost of C$36.90 per share, for a total transaction of C$29,999.70. Following the completion of the transaction, the insider directly owned 4,153 shares of the company’s stock, valued at C$153,245.70. This trade represents a 24.34% increase in their ownership of the stock. 0.26% of the stock is owned by company insiders.

Element Fleet Management Stock Down 0.4%

Shares of TSE EFN opened at C$36.32 on Friday. The stock has a market capitalization of C$14.53 billion, a price-to-earnings ratio of 33.94, a price-to-earnings-growth ratio of 2.97 and a beta of 0.38. Element Fleet Management has a 52 week low of C$25.00 and a 52 week high of C$38.26. The firm has a 50-day moving average price of C$36.82 and a 200 day moving average price of C$35.80. The company has a quick ratio of 5.70, a current ratio of 7.04 and a debt-to-equity ratio of 303.64.

Element Fleet Management (TSE:EFN) last issued its earnings results on Wednesday, November 12th. The financial services provider reported C$0.33 earnings per share for the quarter. Element Fleet Management had a net margin of 16.46% and a return on equity of 11.33%. The company had revenue of C$306.39 million for the quarter. Equities research analysts anticipate that Element Fleet Management will post 1.6884016 EPS for the current fiscal year.

Element Fleet Management Company Profile

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.