Element Fleet Management (TSE:EFN) Stock Gets Price Target Reduction from Scotia

Posted by Francis Steltz on Oct 29th, 2026

Element Fleet Management (TSE:EFN – Free Report) had its target price trimmed by Scotia from C$41.00 to C$32.00 in a research report report published on Monday morning,BayStreet reports. The firm currently has a sector outperform rating on the financial services provider’s stock.

A number of other research firms have also commented on EFN. TD reduced 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 report on Monday, October 19th. RBC Dominion Securities decreased their price target on Element Fleet Management from C$40.00 to C$33.00 and set an “outperform” rating for the company in a research note on Thursday, October 15th. Finally, Raymond James Financial lowered their price target on Element Fleet Management from C$42.00 to C$32.00 and set an “outperform” rating on the stock in a report on Tuesday, October 6th. Eight equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$35.75.

Read Our Latest Analysis on EFN

Element Fleet Management Price Performance

Shares of EFN opened at C$22.85 on Monday. The company has a market capitalization of C$8.94 billion, a P/E ratio of 30.88, a price-to-earnings-growth ratio of 2.97 and a beta of 0.60. The company has a quick ratio of 5.70, a current ratio of -1,179.03 and a debt-to-equity ratio of 357.23. The firm has a 50 day moving average of C$24.01 and a 200 day moving average of C$29.19. Element Fleet Management has a twelve month low of C$20.39 and a twelve month high of C$38.19.

Element Fleet Management (TSE:EFN – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The financial services provider reported C$0.48 earnings per share for the quarter. The company 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%. As a group, equities research analysts anticipate that Element Fleet Management will post 1.69 earnings per share for the current fiscal year.

Insider Activity at Element Fleet Management

In related news, insider Jose Manuel Tamayo acquired 2,343 shares of the stock in a transaction that occurred on Wednesday, September 16th. The shares were 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 transaction, the insider directly owned 3,844 shares in the company, valued at approximately C$95,139. This trade represents a 156.10% increase in their ownership of the stock. Also, insider Jacob Eisenberg sold 90,855 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider owned 64,897 shares in the company, valued at C$1,704,195.22. This represents a 58.33% decrease in their position. 0.26% of the stock is owned by insiders.

About Element Fleet Management

(Get Free Report)

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.