Element Fleet Management (TSE:EFN – Get Free Report) was upgraded by stock analysts at Scotiabank from a “sector perform” rating to an “outperform” rating in a report released on Tuesday, BayStreet.CA reports. The brokerage presently has a C$26.00 price target on the financial services provider’s stock. Scotiabank’s price target would indicate a potential upside of 18.45% from the company’s previous close.
Several other research firms have also weighed in on EFN. CIBC increased their price target on Element Fleet Management from C$24.00 to C$25.00 and gave the company an “outperform” rating in a report on Wednesday, February 28th. BMO Capital Markets increased their target price on Element Fleet Management from C$24.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Thursday, February 29th. TD Securities increased their target price on Element Fleet Management from C$25.00 to C$27.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. Raymond James increased their target price on Element Fleet Management from C$26.00 to C$29.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, February 28th. Finally, Veritas Investment Research reiterated a “reduce” rating on shares of Element Fleet Management in a research note on Thursday, February 29th. One research analyst has rated the stock with a sell rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$27.63.
View Our Latest Stock Report on Element Fleet Management
Element Fleet Management Stock Down 0.1 %
Element Fleet Management (TSE:EFN – Get Free Report) last released its quarterly earnings results on Tuesday, February 27th. The financial services provider reported C$0.33 earnings per share for the quarter, beating the consensus estimate of C$0.32 by C$0.01. Element Fleet Management had a return on equity of 12.30% and a net margin of 23.38%. The company had revenue of C$333.36 million for the quarter, compared to analyst estimates of C$334.92 million. As a group, equities analysts predict that Element Fleet Management will post 1.4296824 EPS for the current fiscal year.
Insiders Place Their Bets
In other Element Fleet Management news, Senior Officer James Halliday sold 33,664 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of C$23.01, for a total value of C$774,608.64. In other news, Senior Officer James Halliday sold 33,664 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of C$23.01, for a total value of C$774,608.64. Also, Senior Officer Yu Xiang Jin acquired 2,500 shares of Element Fleet Management stock in a transaction dated Monday, March 25th. The stock was purchased at an average price of C$22.02 per share, with a total value of C$55,050.00. Corporate insiders own 0.24% of the company’s stock.
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.
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