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

Element Fleet Management (TSE:EFN) had its price target boosted by analysts at TD Securities from C$30.00 to C$32.00 in a note issued to investors on Friday, BayStreet.CA reports. TD Securities’ price target would indicate a potential upside of 12.28% from the stock’s previous close.

EFN has been the subject of a number of other reports. Jefferies Financial Group boosted their price target on Element Fleet Management from C$28.00 to C$31.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Royal Bank of Canada boosted their price target on Element Fleet Management from C$33.00 to C$35.00 and gave the company an “outperform” rating in a research note on Wednesday, August 14th. National Bankshares lifted their price objective on Element Fleet Management from C$33.00 to C$34.00 and gave the company an “outperform” rating in a research report on Wednesday, August 14th. BMO Capital Markets boosted their price target on Element Fleet Management from C$28.00 to C$32.00 in a report on Thursday, August 15th. Finally, CIBC boosted their price target on Element Fleet Management from C$28.00 to C$30.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$31.50.

Element Fleet Management Stock Performance

TSE EFN traded up C$0.09 during trading hours on Friday, hitting C$28.50. The company’s stock had a trading volume of 107,201 shares, compared to its average volume of 543,099. Element Fleet Management has a 12 month low of C$18.50 and a 12 month high of C$28.89. The company’s 50 day simple moving average is C$26.90 and its two-hundred day simple moving average is C$24.45. The company has a market cap of C$11.50 billion, a P/E ratio of 22.42, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91. The company has a debt-to-equity ratio of 303.14, a current ratio of 8.22 and a quick ratio of 5.70.

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 company had revenue of C$375.68 million during the quarter, compared to the consensus estimate of C$368.46 million. As a group, sell-side analysts expect that Element Fleet Management will post 1.6868327 EPS for the current fiscal year.

Insider Buying and Selling at Element Fleet Management

In other Element Fleet Management news, Senior Officer Laura Lee Dottori-Attanasio acquired 18,000 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were bought at an average price of C$27.67 per share, with a total value of C$498,074.40. 0.23% of the stock is currently owned by corporate insiders.

Element Fleet Management Company Profile

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.