Element Fleet Management Corp. (TSE:EFN) Receives C$33.63 Average Price Target from Analysts

Element Fleet Management Corp. (TSE:EFNGet Free Report) has been given an average rating of “Moderate Buy” by the nine brokerages that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$33.63.

A number of analysts have recently issued reports on EFN shares. TD Securities lifted their price objective on shares of Element Fleet Management from C$32.00 to C$33.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Scotiabank lowered their price target on shares of Element Fleet Management from C$33.00 to C$32.00 in a research note on Thursday, November 14th. National Bankshares boosted their price target on shares of Element Fleet Management from C$37.00 to C$39.00 in a research report on Thursday, November 14th. Raymond James raised their price objective on Element Fleet Management from C$30.00 to C$34.00 in a report on Thursday, November 14th. Finally, Jefferies Financial Group lowered Element Fleet Management from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$32.00 to C$30.00 in a report on Friday, November 15th.

View Our Latest Report on EFN

Insider Activity at Element Fleet Management

In other news, Senior Officer James Halliday sold 33,664 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of C$30.00, for a total transaction of C$1,009,920.00. Also, Senior Officer Carlos David Madrigal Gonzalez sold 5,200 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of C$27.40, for a total value of C$142,480.00. In the last ninety days, insiders bought 19,625 shares of company stock worth $562,999 and sold 38,948 shares worth $1,154,902. 0.26% of the stock is currently owned by company insiders.

Element Fleet Management Stock Up 0.1 %

Shares of Element Fleet Management stock opened at C$28.03 on Friday. The firm has a market cap of C$11.31 billion, a PE ratio of 21.90, a P/E/G ratio of 2.97 and a beta of 0.91. The business’s 50 day simple moving average is C$28.89 and its 200 day simple moving average is C$28.37. The company has a debt-to-equity ratio of 303.14, a quick ratio of 5.70 and a current ratio of 8.22. Element Fleet Management has a 52-week low of C$21.20 and a 52-week high of C$30.49.

Element Fleet Management Company Profile

(Get Free Report

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.

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Analyst Recommendations for Element Fleet Management (TSE:EFN)

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