Scotiabank Cuts Element Fleet Management (TSE:EFN) Price Target to C$32.00

Element Fleet Management (TSE:EFN) had its target price lowered by stock analysts at Scotiabank from C$33.00 to C$32.00 in a research note issued on Thursday,BayStreet.CA reports. Scotiabank’s target price points to a potential upside of 18.04% from the company’s current price.

Several other research analysts have also commented on EFN. Royal Bank of Canada upped their price objective on shares of Element Fleet Management from C$33.00 to C$35.00 and gave the stock an “outperform” rating in a report on Wednesday, August 14th. Raymond James raised their price objective on shares of 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 upped their target price on Element Fleet Management from C$30.00 to C$33.00 in a report on Thursday, October 31st. BMO Capital Markets raised their target price on Element Fleet Management from C$28.00 to C$32.00 in a research note on Thursday, August 15th. Finally, National Bankshares upped their price target on Element Fleet Management from C$34.00 to C$37.00 in a research note on Friday, September 27th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$33.50.

Element Fleet Management Stock Up 0.1 %

TSE EFN opened at C$27.11 on Thursday. The business’s 50-day moving average is C$28.66 and its 200 day moving average is C$26.26. The stock has a market capitalization of C$10.94 billion, a PE ratio of 21.18, a PEG ratio of 2.97 and a beta of 0.91. The company has a debt-to-equity ratio of 303.14, a current ratio of 8.22 and a quick ratio of 5.70. Element Fleet Management has a 1 year low of C$20.62 and a 1 year high of C$30.04.

Element Fleet Management (TSE:EFN) last posted its earnings results on Tuesday, August 13th. The financial services provider reported C$0.40 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of C$368.46 million. Sell-side analysts forecast that Element Fleet Management will post 1.6884016 earnings per share for the current year.

Insider Activity at Element Fleet Management

In other 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 purchased at an average price of C$27.67 per share, for a total transaction of C$498,074.40. 0.26% of the stock is currently owned by 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.