Element Fleet Management (TSE:EFN) Reaches New 1-Year High at $19.00

Element Fleet Management Corp. (TSE:EFNGet Rating)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$19.00 and last traded at C$18.92, with a volume of 849348 shares changing hands. The stock had previously closed at C$18.62.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on EFN shares. BMO Capital Markets raised their price target on Element Fleet Management from C$20.00 to C$21.00 in a report on Wednesday, November 9th. Royal Bank of Canada raised their price target on Element Fleet Management from C$22.00 to C$26.00 in a report on Monday, October 24th. Scotiabank increased their price objective on Element Fleet Management from C$17.50 to C$20.00 in a research report on Tuesday, November 1st. National Bankshares increased their price objective on Element Fleet Management from C$20.00 to C$24.00 and gave the stock an “outperform” rating in a research report on Thursday, August 11th. Finally, CIBC increased their price objective on Element Fleet Management from C$17.00 to C$20.00 in a research report on Friday, October 28th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$21.75.

Element Fleet Management Stock Up 0.4 %

The firm has a 50 day moving average of C$17.46 and a two-hundred day moving average of C$15.56. The firm has a market capitalization of C$7.43 billion and a price-to-earnings ratio of 20.80. The company has a quick ratio of 5.70, a current ratio of 6.00 and a debt-to-equity ratio of 241.50.

Element Fleet Management Company Profile

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Element Fleet Management Corp. operates as a fleet management company primarily in Canada, the United States, Mexico, Australia, and New Zealand. The company offers fleet management services comprising vehicle acquisition, financing, program management, and remarketing services to corporate, commercial, government, and public service vehicle fleets.

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