Element Fleet Management Corp. (TSE:EFN) Receives C$33.63 Consensus Target Price from Analysts

Shares of Element Fleet Management Corp. (TSE:EFN) have received a consensus recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$33.63.

Several equities research analysts have recently weighed in on the company. Raymond James increased their price objective on Element Fleet Management from C$30.00 to C$34.00 in a research report on Thursday, November 14th. Scotiabank reduced their price target on shares of Element Fleet Management from C$33.00 to C$32.00 in a report on Thursday, November 14th. National Bankshares upped their price objective on shares of Element Fleet Management from C$37.00 to C$39.00 in a research report on Thursday, November 14th. Jefferies Financial Group cut shares of 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 note on Friday, November 15th. Finally, TD Securities boosted their price target on Element Fleet Management from C$32.00 to C$33.00 and gave the company a “buy” rating in a research note on Thursday, November 14th.

Element Fleet Management Stock Up 0.1 %

EFN opened at C$28.03 on Friday. Element Fleet Management has a twelve month low of C$21.20 and a twelve month high of C$30.49. The company has a debt-to-equity ratio of 303.14, a quick ratio of 5.70 and a current ratio of 8.22. The business has a 50 day moving average price of C$28.89 and a 200 day moving average price of C$28.37. The firm has a market cap of C$11.31 billion, a P/E ratio of 21.90, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91.

Insider Buying and Selling

In related news, Senior Officer Laura Lee Dottori-Attanasio bought 10,500 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was bought at an average cost of C$28.70 per share, for a total transaction of C$301,350.00. Also, Senior Officer James Halliday sold 33,664 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of C$30.00, for a total transaction of C$1,009,920.00. Over the last ninety days, insiders acquired 19,625 shares of company stock valued at $562,999 and sold 38,948 shares valued at $1,154,902. 0.26% of the stock is currently owned by insiders.

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.