Shares of Element Fleet Management Corp. (TSE:EFN – Get Free Report) have earned a consensus recommendation of “Buy” from the eight analysts that are currently covering the company, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a buy rating. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$34.86.
A number of analysts have recently weighed in on EFN shares. National Bank Financial reduced their price target on shares of Element Fleet Management from C$50.00 to C$35.00 and set an “outperform” rating for the company in a research note on Wednesday. Scotia lowered their price objective on shares of Element Fleet Management from C$41.00 to C$32.00 and set a “sector outperform” rating on the stock in a research note on Monday, October 26th. RBC Dominion Securities dropped their target price on Element Fleet Management from C$40.00 to C$33.00 and set an “outperform” rating on the stock in a report on Thursday, October 15th. Raymond James Financial cut their target price on Element Fleet Management from C$42.00 to C$32.00 and set an “outperform” rating for the company in a research report on Tuesday, October 6th. Finally, TD cut their target price on Element Fleet Management from C$38.00 to C$31.00 and set a “buy” rating for the company in a research report on Monday, October 19th.
Check Out Our Latest Stock Analysis on EFN
Element Fleet Management Price Performance
Shares of EFN opened at C$21.86 on Friday. Element Fleet Management has a one year low of C$20.39 and a one year high of C$38.19. The stock’s fifty day moving average is C$23.78 and its 200-day moving average is C$29.06. The company has a debt-to-equity ratio of 357.23, a quick ratio of 5.70 and a current ratio of -1,179.03. The firm has a market capitalization of C$8.55 billion, a price-to-earnings ratio of 29.54, a price-to-earnings-growth ratio of 2.97 and a beta of 0.60.
Element Fleet Management (TSE:EFN – Get Free Report) last announced its earnings results on Wednesday, August 5th. The financial services provider reported C$0.48 earnings per share (EPS) for the quarter. The firm had revenue of C$451.94 million during the quarter. Element Fleet Management had a net margin of 12.17% and a return on equity of 10.57%. Equities analysts anticipate that Element Fleet Management will post 1.69 EPS for the current year.
Insiders Place Their Bets
In related news, insider Jacob Eisenberg sold 90,855 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of C$26.26, for a total transaction of C$2,385,852.30. Following the completion of the transaction, the insider owned 64,897 shares of the company’s stock, valued at C$1,704,195.22. This trade represents a 58.33% decrease in their ownership of the stock. Also, insider Jose Manuel Tamayo bought 2,343 shares of the firm’s stock in a transaction that occurred on Wednesday, September 16th. The shares were purchased at an average cost of C$24.75 per share, with a total value of C$57,989.25. Following the purchase, the insider directly owned 3,844 shares of the company’s stock, valued at approximately C$95,139. This represents a 156.10% increase in their ownership of the stock. 0.26% of the stock is currently owned by insiders.
Element Fleet Management Company Profile
Element Fleet Management (TSX: EFN) is the largest publicly traded pure play automotive fleet manager in the world and a global leader in intelligent fleet and mobility solutions. Guided by our Purpose to Move the world through intelligent mobility, we help clients manage the vehicles, data, technology, and decisions that keep their businesses moving. Fleet is our foundation, and intelligent mobility is how we lead. By combining deep fleet expertise with connected technologies, data driven intelligence, and strategic partnerships, Element helps clients lower total cost of ownership, improve uptime and driver experience, and build more resilient operations.
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