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

Element Fleet Management Corp. (TSE:EFN) 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.

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

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.