Element Fleet Management Corp. (TSE:EFN) Receives Consensus Rating of “Buy” from Analysts

Shares of Element Fleet Management Corp. (TSE:EFN) have received a consensus recommendation of “Buy” from the seven ratings firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$34.00.

EFN has been the subject of a number of research analyst reports. CIBC upped 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 note on Thursday, January 30th. Scotiabank cut their target price on Element Fleet Management from C$33.00 to C$32.00 in a research note on Thursday, November 14th. Raymond James lifted their price objective on shares of Element Fleet Management from C$34.00 to C$36.00 in a report on Friday, February 28th. National Bankshares decreased their target price on shares of Element Fleet Management from C$41.00 to C$40.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th. Finally, TD Securities increased their price objective on shares of Element Fleet Management from C$32.00 to C$33.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th.

Element Fleet Management Price Performance

Shares of EFN opened at C$27.98 on Thursday. The company has a debt-to-equity ratio of 303.64, a quick ratio of 5.70 and a current ratio of 7.04. The firm has a market capitalization of C$8.02 billion, a PE ratio of 23.22, a P/E/G ratio of 2.97 and a beta of 0.91. The stock has a 50 day simple moving average of C$28.70 and a 200 day simple moving average of C$28.72. Element Fleet Management has a 52-week low of C$21.20 and a 52-week high of C$30.49.

Insider Activity

In related news, Senior Officer Heath Leslie Valkenburg acquired 2,550 shares of the company’s stock in a transaction on Monday, December 16th. The stock was purchased at an average cost of C$28.46 per share, with a total value of C$72,571.98. Also, Senior Officer Laura Lee Dottori-Attanasio bought 2,500 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was purchased at an average cost of C$28.78 per share, for a total transaction of C$71,950.00. Insiders have purchased 33,550 shares of company stock valued at $945,863 over the last ninety days. 0.26% of the stock is currently owned by company insiders.

About Element Fleet Management

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.