Analysts Set Element Fleet Management Corp. (TSE:EFN) Price Target at C$40.00

Element Fleet Management Corp. (TSE:EFNGet Free Report) has been assigned a consensus rating of “Moderate Buy” from the eight research firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$40.00.

EFN has been the subject of several recent research reports. Scotiabank lifted their price objective on Element Fleet Management from C$33.00 to C$40.00 in a report on Wednesday, July 23rd. TD Securities boosted their target price on shares of Element Fleet Management from C$41.00 to C$42.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. BMO Capital Markets boosted their target price on shares of Element Fleet Management from C$35.00 to C$40.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. Royal Bank Of Canada boosted their target price on shares of Element Fleet Management from C$43.00 to C$47.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. Finally, Raymond James Financial boosted their target price on shares of Element Fleet Management from C$36.00 to C$40.00 and gave the stock a “strong-buy” rating in a report on Thursday, August 7th.

Check Out Our Latest Analysis on Element Fleet Management

Insider Buying and Selling

In other news, insider Heath Leslie Valkenburg bought 813 shares of Element Fleet Management stock in a transaction on Wednesday, September 10th. The stock was acquired at an average cost of C$36.90 per share, for a total transaction of C$29,999.70. Following the completion of the acquisition, the insider owned 4,153 shares of the company’s stock, valued at C$153,245.70. This trade represents a 24.34% increase in their position. Corporate insiders own 0.26% of the company’s stock.

Element Fleet Management Stock Performance

EFN stock opened at C$37.31 on Friday. 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 business has a 50-day moving average price of C$36.76 and a 200 day moving average price of C$34.14. The company has a market capitalization of C$14.98 billion, a P/E ratio of 37.31, a PEG ratio of 2.97 and a beta of 0.49. Element Fleet Management has a 1-year low of C$25.00 and a 1-year high of C$38.15.

Element Fleet Management Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Element Fleet Management (TSE:EFN)

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