TSE:EFN FY2024 EPS Reduced by National Bank Financial

Element Fleet Management Corp. (TSE:EFN) – Analysts at National Bank Financial cut their FY2024 earnings estimates for shares of Element Fleet Management in a research report issued on Sunday, February 2nd. National Bank Financial analyst J. Gloyn now expects that the financial services provider will post earnings of $1.48 per share for the year, down from their prior forecast of $1.56. The consensus estimate for Element Fleet Management’s current full-year earnings is $1.69 per share.

A number of other brokerages have also weighed in on EFN. CIBC upped their target price on Element Fleet Management from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. TD Securities boosted their target price on Element Fleet Management from C$32.00 to C$33.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Scotiabank decreased their price objective on shares of Element Fleet Management from C$33.00 to C$32.00 in a report on Thursday, November 14th. Jefferies Financial Group lowered Element Fleet Management from a “buy” rating to a “hold” rating and decreased their price objective for the stock from C$32.00 to C$30.00 in a report on Friday, November 15th. Finally, National Bankshares lifted their price target on Element Fleet Management from C$37.00 to C$39.00 in a research report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$33.63.

Element Fleet Management Stock Performance

Shares of EFN stock opened at C$28.06 on Wednesday. Element Fleet Management has a one year low of C$21.20 and a one year high of C$30.49. 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 business’s 50 day simple moving average is C$29.01 and its 200 day simple moving average is C$28.30. The stock has a market capitalization of C$11.33 billion, a PE ratio of 21.92, a PEG ratio of 2.97 and a beta of 0.91.

Insider Buying and Selling at Element Fleet Management

In other Element Fleet Management news, Senior Officer Carlos David Madrigal Gonzalez sold 5,200 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of C$27.40, for a total transaction of C$142,480.00. Also, Senior Officer James Halliday sold 33,664 shares of the company’s stock in a transaction 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 three months, insiders purchased 19,625 shares of company stock worth $562,999 and sold 38,948 shares worth $1,154,902. 0.26% of the stock is currently owned by company 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.