Element Fleet Management (TSE:EFN) Given New C$41.00 Price Target at Raymond James Financial

Element Fleet Management (TSE:EFN) had its target price hoisted by Raymond James Financial from C$40.00 to C$41.00 in a research note issued to investors on Thursday,BayStreet.CA reports.

EFN has been the topic of a number of other reports. Jefferies Financial Group increased their price target on shares of Element Fleet Management from C$41.00 to C$42.00 in a report on Thursday, October 30th. National Bankshares increased their target price on shares of 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. TD Securities raised their target price on Element Fleet Management from C$41.00 to C$42.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. BMO Capital Markets lifted their price target on Element Fleet Management from C$35.00 to C$40.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Finally, Royal Bank Of Canada upped their price target on Element Fleet Management from C$43.00 to C$47.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$42.00.

Element Fleet Management Trading Down 4.9%

Shares of TSE:EFN opened at C$35.95 on Thursday. 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 12-month low of C$25.00 and a 12-month high of C$38.26. The business has a 50 day moving average of C$36.96 and a two-hundred day moving average of C$35.17. The company has a market capitalization of C$14.43 billion, a PE ratio of 35.95, a PEG ratio of 2.97 and a beta of 0.41.

Insider Transactions at Element Fleet Management

In other news, insider Heath Leslie Valkenburg acquired 813 shares of the business’s stock in a transaction on Wednesday, September 10th. The stock was bought at an average cost of C$36.90 per share, for a total transaction of C$29,999.70. Following the purchase, the insider owned 4,153 shares in the company, valued at approximately C$153,245.70. This represents a 24.34% increase in their ownership of the stock. Insiders own 0.26% of the company’s stock.

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.