Element Fleet Management (TSE:EFN) PT Raised to C$32.00

Element Fleet Management (TSE:EFN) had its target price hoisted by equities research analysts at TD Securities from C$30.00 to C$32.00 in a report issued on Friday, BayStreet.CA reports. TD Securities’ price target would suggest a potential upside of 12.80% from the stock’s current price.

A number of other research analysts also recently weighed in on the stock. Raymond James upped their price objective on shares of Element Fleet Management from C$29.00 to C$30.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, August 14th. National Bankshares upped their price target on Element Fleet Management from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a report on Wednesday, August 14th. Jefferies Financial Group raised their price objective on Element Fleet Management from C$28.00 to C$31.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. BMO Capital Markets boosted their price objective on Element Fleet Management from C$28.00 to C$32.00 in a research report on Thursday, August 15th. Finally, Scotiabank increased their target price on Element Fleet Management from C$27.00 to C$28.00 in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$31.50.

Element Fleet Management Stock Down 0.1 %

EFN stock opened at C$28.37 on Friday. Element Fleet Management has a 12 month low of C$18.50 and a 12 month high of C$28.89. The company has a debt-to-equity ratio of 303.14, a current ratio of 8.22 and a quick ratio of 5.70. The company has a market capitalization of C$11.45 billion, a P/E ratio of 22.34, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91. The firm’s fifty day simple moving average is C$26.96 and its 200-day simple moving average is C$24.49.

Element Fleet Management (TSE:EFN) last released its quarterly earnings data on Tuesday, August 13th. The financial services provider reported C$0.40 EPS for the quarter, topping the consensus estimate of C$0.37 by C$0.03. Element Fleet Management had a return on equity of 12.58% and a net margin of 23.41%. The business had revenue of C$375.68 million for the quarter, compared to analyst estimates of C$368.46 million. As a group, equities research analysts forecast that Element Fleet Management will post 1.6868327 earnings per share for the current year.

Insider Transactions at Element Fleet Management

In other news, Senior Officer Laura Lee Dottori-Attanasio acquired 18,000 shares of Element Fleet Management stock in a transaction that occurred on Thursday, September 5th. The stock was purchased at an average cost of C$27.67 per share, with a total value of C$498,074.40. Corporate insiders own 0.23% 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.