Brokerages Set Element Fleet Management Corp. (TSE:EFN) PT at C$34.00

Shares of Element Fleet Management Corp. (TSE:EFN) have received an average recommendation of “Buy” from the seven analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$34.00.

Several research analysts have recently issued reports on EFN shares. Raymond James boosted their price objective on shares of Element Fleet Management from C$34.00 to C$36.00 in a report on Friday, February 28th. National Bankshares decreased their price objective on Element Fleet Management from C$41.00 to C$40.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. CIBC increased their price objective on shares of Element Fleet Management from C$33.00 to C$34.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Scotiabank decreased their target price on shares of Element Fleet Management from C$33.00 to C$32.00 in a research report on Thursday, November 14th. Finally, Jefferies Financial Group cut shares of Element Fleet Management from a “buy” rating to a “hold” rating and cut their price target for the stock from C$32.00 to C$30.00 in a research note on Friday, November 15th.

Insider Buying and Selling at Element Fleet Management

In related news, Senior Officer Laura Lee Dottori-Attanasio purchased 2,500 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were bought at an average price of C$28.78 per share, with a total value of C$71,950.00. Also, Senior Officer Heath Leslie Valkenburg bought 2,550 shares of the business’s stock in a transaction on Monday, December 16th. The stock was bought at an average cost of C$28.46 per share, for a total transaction of C$72,571.98. In the last ninety days, insiders have bought 33,550 shares of company stock worth $945,863. Insiders own 0.26% of the company’s stock.

Element Fleet Management Stock Down 0.7 %

Shares of EFN stock opened at C$27.98 on Thursday. The stock has a 50 day moving average of C$28.70 and a 200-day moving average of C$28.72. The firm has a market cap of C$8.02 billion, a PE ratio of 23.22, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91. 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 has a 12 month low of C$21.20 and a 12 month high of C$30.49.

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.