Element Fleet Management (TSE:EFN) PT Raised to C$32.00

Element Fleet Management (TSE:EFN) had its price objective hoisted by equities research analysts at TD Securities from C$30.00 to C$32.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. TD Securities’ price target indicates a potential upside of 12.80% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. Jefferies Financial Group upped their price target on shares of Element Fleet Management from C$28.00 to C$31.00 and gave the stock a “buy” rating in a report on Tuesday, July 30th. National Bankshares raised their target price on shares of Element Fleet Management from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 14th. Royal Bank of Canada lifted their price target on shares of Element Fleet Management from C$33.00 to C$35.00 and gave the company an “outperform” rating in a research note on Wednesday, August 14th. BMO Capital Markets increased their price objective on Element Fleet Management from C$28.00 to C$32.00 in a research note on Thursday, August 15th. Finally, Raymond James lifted their target price on Element Fleet Management from C$29.00 to C$30.00 and gave the company a “strong-buy” rating in a research report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$31.50.

Element Fleet Management Stock Performance

Shares of TSE:EFN opened at C$28.37 on Friday. The company has a current ratio of 8.22, a quick ratio of 5.70 and a debt-to-equity ratio of 303.14. The company has a market capitalization of C$11.45 billion, a price-to-earnings ratio of 22.34, a PEG ratio of 2.97 and a beta of 0.91. Element Fleet Management has a 12 month low of C$18.50 and a 12 month high of C$28.89. The firm’s 50-day moving average is C$26.96 and its 200 day moving average is C$24.49.

Element Fleet Management (TSE:EFN) last issued its quarterly earnings results on Tuesday, August 13th. The financial services provider reported C$0.40 earnings per share for the quarter, topping the consensus estimate of C$0.37 by C$0.03. Element Fleet Management had a return on equity of 12.58% and a net margin of 23.41%. The firm had revenue of C$375.68 million for the quarter, compared to the consensus estimate of C$368.46 million. Research analysts predict that Element Fleet Management will post 1.6868327 EPS for the current year.

Insider Transactions at Element Fleet Management

In other Element Fleet Management news, Senior Officer Laura Lee Dottori-Attanasio bought 18,000 shares of Element Fleet Management stock in a transaction that occurred on Thursday, September 5th. The shares were bought at an average cost of C$27.67 per share, with a total value of C$498,074.40. Insiders own 0.23% of the company’s stock.

About Element Fleet Management

Element Fleet Management Corp. operates as a fleet management company primarily in Canada, Mexico, Australia, and New Zealand. The company offers end-to-end fleet cars, trucks, and material handling support equipment acquisition; and end-to-end electric vehicle fleet including fleet planning, charging infrastructure solutions, acquisition, financing, maintenance, and remarketing.