National Bank Financial Estimates TSE:EFN FY2024 Earnings

Element Fleet Management Corp. (TSE:EFN) – Analysts at National Bank Financial cut their FY2024 EPS 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.

EFN has been the topic of a number of other reports. Jefferies Financial Group lowered shares of Element Fleet Management from a “buy” rating to a “hold” rating and lowered their price objective for the company from C$32.00 to C$30.00 in a research report on Friday, November 15th. TD Securities lifted their price objective on shares of Element Fleet Management from C$32.00 to C$33.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Scotiabank lowered their price objective on shares of Element Fleet Management from C$33.00 to C$32.00 in a research report on Thursday, November 14th. CIBC lifted their price objective on shares of Element Fleet Management from C$33.00 to C$34.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Finally, Raymond James lifted their price objective on shares of Element Fleet Management from C$30.00 to C$34.00 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 issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$33.63.

Element Fleet Management Stock Performance

Shares of Element Fleet Management stock opened at C$28.05 on Wednesday. The firm’s fifty day simple moving average is C$29.06 and its 200-day simple moving average is C$28.30. The stock has a market capitalization of C$11.32 billion, a price-to-earnings ratio of 21.91, a PEG ratio of 2.97 and a beta of 0.91. Element Fleet Management has a 12 month low of C$21.20 and a 12 month 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.

Insiders Place Their Bets

In other Element Fleet Management news, Senior Officer Carlos David Madrigal Gonzalez sold 5,200 shares of the firm’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 dated 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. In the last ninety days, insiders have purchased 19,625 shares of company stock worth $562,999 and have sold 38,948 shares worth $1,154,902. 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.