Element Fleet Management (TSE:EFN) Given New C$33.00 Price Target at TD Securities

Element Fleet Management (TSE:EFN) had its price objective upped by TD Securities from C$32.00 to C$33.00 in a report released on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. TD Securities’ price objective suggests a potential upside of 21.73% from the company’s current price.

Other research analysts also recently issued research reports about the company. Scotiabank upped their price objective on Element Fleet Management from C$27.00 to C$28.00 in a research note on Wednesday, July 24th. BMO Capital Markets raised their price target on shares of Element Fleet Management from C$28.00 to C$32.00 in a research note on Thursday, August 15th. Raymond James lifted their price target on shares of Element Fleet Management from C$29.00 to C$30.00 and gave the stock a “strong-buy” rating in a report on Wednesday, August 14th. National Bankshares increased their price objective on Element Fleet Management from C$34.00 to C$37.00 in a report on Friday, September 27th. Finally, Jefferies Financial Group lifted their target price on Element Fleet Management from C$28.00 to C$31.00 and gave the stock a “buy” rating in a report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Element Fleet Management currently has a consensus rating of “Moderate Buy” and an average target price of C$33.50.

Element Fleet Management Stock Performance

TSE EFN opened at C$27.11 on Thursday. Element Fleet Management has a fifty-two week low of C$20.62 and a fifty-two week high of C$30.04. The stock has a market cap of C$10.94 billion, a PE ratio of 21.18, a PEG ratio of 2.97 and a beta of 0.91. The company has a debt-to-equity ratio of 303.14, a quick ratio of 5.70 and a current ratio of 8.22. The firm’s fifty day moving average price is C$28.66 and its two-hundred day moving average price is C$26.26.

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

Insider Buying and Selling

In related news, Senior Officer Laura Lee Dottori-Attanasio bought 18,000 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were 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 currently owned by 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.