Element Fleet Management Corp. (TSE:EFN) Receives C$34.00 Average Target Price from Brokerages

Element Fleet Management Corp. (TSE:EFN) has been given a consensus rating of “Buy” by the seven ratings firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$34.00.

A number of research firms recently weighed in on EFN. CIBC 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 Thursday, January 30th. Raymond James upped their price target on Element Fleet Management from C$34.00 to C$36.00 in a report on Friday, February 28th. National Bankshares lowered their price target on Element Fleet Management from C$41.00 to C$40.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. TD Securities increased their target price on Element Fleet Management from C$32.00 to C$33.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, Scotiabank lowered their target price on Element Fleet Management from C$33.00 to C$32.00 in a report on Thursday, November 14th.

Element Fleet Management Stock Performance

EFN opened at C$27.89 on Thursday. The stock has a market cap of C$7.99 billion, a P/E ratio of 23.15, a P/E/G ratio of 2.97 and a beta of 0.91. The company has a debt-to-equity ratio of 303.64, a current ratio of 7.04 and a quick ratio of 5.70. The stock’s 50 day simple moving average is C$28.65 and its 200 day simple moving average is C$28.70. Element Fleet Management has a 1-year low of C$21.20 and a 1-year high of C$30.49.

Insider Transactions at Element Fleet Management

In other Element Fleet Management news, Senior Officer Heath Leslie Valkenburg acquired 2,550 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were acquired at an average price of C$28.46 per share, for a total transaction of C$72,571.98. Also, Senior Officer Laura Lee Dottori-Attanasio acquired 18,000 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average price of C$27.78 per share, for a total transaction of C$499,991.40. Insiders have acquired 33,550 shares of company stock worth $945,863 over the last quarter. 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.