Element Fleet Management (TSE:EFN – Get Free Report) had its price target increased by equities research analysts at National Bankshares from C$34.00 to C$37.00 in a note issued to investors on Friday, BayStreet.CA reports. National Bankshares’ target price indicates a potential upside of 30.01% from the stock’s previous close.
A number of other analysts also recently commented on EFN. Raymond James upped their price objective on Element Fleet Management from C$29.00 to C$30.00 and gave the stock a “strong-buy” rating in a report on Wednesday, August 14th. CIBC raised their price objective on Element Fleet Management from C$28.00 to C$30.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Jefferies Financial Group lifted their price objective on Element Fleet Management from C$28.00 to C$31.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Scotiabank increased their target price on shares of Element Fleet Management from C$27.00 to C$28.00 in a research report on Wednesday, July 24th. Finally, TD Securities lifted their price target on shares of Element Fleet Management from C$30.00 to C$32.00 in a research report on Friday, September 20th. One investment analyst has rated the stock with a sell rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$31.88.
Read Our Latest Stock Analysis on EFN
Element Fleet Management Trading Down 0.7 %
Element Fleet Management (TSE:EFN – Get Free Report) last announced its quarterly earnings data 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 net margin of 23.41% and a return on equity of 12.58%. The business had revenue of C$375.68 million for the quarter, compared to analyst estimates of C$368.46 million. As a group, analysts anticipate that Element Fleet Management will post 1.6895933 EPS for the current fiscal year.
Insider Buying and Selling at Element Fleet Management
In other Element Fleet Management news, Senior Officer Laura Lee Dottori-Attanasio bought 18,000 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were acquired at an average cost of C$27.67 per share, with a total value of C$498,074.40. 0.23% of the stock is currently owned by corporate insiders.
Element Fleet Management Company Profile
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.
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