Element Fleet Management (TSE:EFN – Get Free Report) announced its earnings results on Tuesday. The financial services provider reported C$0.50 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$456.57 million for the quarter. Element Fleet Management had a net margin of 12.17% and a return on equity of 10.57%.
Element Fleet Management Stock Performance
EFN opened at C$22.42 on Wednesday. The company’s 50 day moving average is C$23.57 and its 200 day moving average is C$28.93. The company has a market cap of C$8.77 billion, a price-to-earnings ratio of 30.30, a PEG ratio of 2.97 and a beta of 0.60. Element Fleet Management has a 12-month low of C$20.39 and a 12-month high of C$38.07. The company has a current ratio of -1,179.03, a quick ratio of 5.70 and a debt-to-equity ratio of 357.23.
Insider Activity at Element Fleet Management
In related news, insider Jacob Eisenberg sold 90,855 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of C$26.26, for a total transaction of C$2,385,852.30. Following the transaction, the insider directly owned 64,897 shares in the company, valued at approximately C$1,704,195.22. This represents a 58.33% decrease in their position. Also, insider Jose Manuel Tamayo purchased 2,343 shares of the business’s stock in a transaction dated Wednesday, September 16th. The stock was bought at an average price of C$24.75 per share, for a total transaction of C$57,989.25. Following the completion of the acquisition, the insider owned 3,844 shares of the company’s stock, valued at approximately C$95,139. The trade was a 156.10% increase in their position. 0.26% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on EFN. Scotia decreased their target price on shares of Element Fleet Management from C$41.00 to C$32.00 and set a “sector outperform” rating for the company in a research note on Monday, October 26th. RBC Dominion Securities lowered their price objective on shares of Element Fleet Management from C$40.00 to C$33.00 and set an “outperform” rating on the stock in a research note on Thursday, October 15th. TD lowered their price objective on shares of Element Fleet Management from C$38.00 to C$31.00 and set a “buy” rating on the stock in a research report on Monday, October 19th. National Bank Financial decreased their price objective on shares of Element Fleet Management from C$50.00 to C$35.00 and set an “outperform” rating for the company in a report on Wednesday, October 28th. Finally, Raymond James Financial reduced their price objective 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. Eight investment analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, Element Fleet Management presently has a consensus rating of “Buy” and an average price target of C$34.86.
About Element Fleet Management
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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