Element Fleet Management Corp. (TSE:EFN) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Element Fleet Management Corp. (TSE:EFN) have received an average recommendation of “Moderate Buy” from the nine analysts that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$33.50.

Several brokerages have weighed in on EFN. Raymond James raised their target price on shares of Element Fleet Management from C$30.00 to C$34.00 in a research note on Thursday, November 14th. Scotiabank lowered their price objective on Element Fleet Management from C$33.00 to C$32.00 in a research report on Thursday, November 14th. Jefferies Financial Group lowered Element Fleet Management from a “buy” rating to a “hold” rating and reduced their target price for the company from C$32.00 to C$30.00 in a research report on Friday, November 15th. CIBC raised their price target on Element Fleet Management from C$30.00 to C$33.00 in a report on Thursday, October 31st. Finally, National Bankshares upped their price objective on shares of Element Fleet Management from C$37.00 to C$39.00 in a report on Thursday, November 14th.

Element Fleet Management Stock Up 1.0 %

TSE:EFN opened at C$28.44 on Wednesday. The company’s 50-day simple moving average is C$29.02 and its 200-day simple moving average is C$28.00. The company has a debt-to-equity ratio of 303.14, a quick ratio of 5.70 and a current ratio of 8.22. Element Fleet Management has a fifty-two week low of C$21.20 and a fifty-two week high of C$30.49. The stock has a market capitalization of C$11.48 billion, a P/E ratio of 22.22, a P/E/G ratio of 2.97 and a beta of 0.91.

Insider Buying and Selling

In other news, Senior Officer Laura Lee Dottori-Attanasio acquired 2,500 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were bought at an average cost of C$28.78 per share, for a total transaction of C$71,950.00. Also, Senior Officer Heath Leslie Valkenburg bought 2,550 shares of Element Fleet Management stock in a transaction on Monday, December 16th. The shares were purchased at an average cost of C$28.46 per share, with a total value of C$72,571.98. Over the last quarter, insiders bought 19,625 shares of company stock valued at $562,999 and sold 38,948 shares valued at $1,154,902. Corporate 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.