TD Securities Lowers Element Fleet Management (TSE:EFN) Price Target to C$12.50

Element Fleet Management (TSE:EFNGet Rating) had its price objective trimmed by TD Securities from C$13.50 to C$12.50 in a research note published on Thursday morning, BayStreet.CA reports. The firm currently has a hold rating on the financial services provider’s stock.

Several other equities research analysts also recently weighed in on the company. Raymond James set a C$13.25 price target on Element Fleet Management and gave the stock a market perform rating in a report on Thursday, March 3rd. BMO Capital Markets initiated coverage on Element Fleet Management in a research note on Wednesday, March 2nd. They issued a hold rating and a C$14.50 price objective on the stock. Finally, Royal Bank of Canada increased their price objective on Element Fleet Management from C$17.00 to C$18.00 and gave the stock an outperform rating in a research note on Wednesday, March 2nd. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Element Fleet Management has a consensus rating of Hold and a consensus target price of C$15.59.

Shares of TSE EFN opened at C$11.43 on Thursday. The company has a debt-to-equity ratio of 240.50, a quick ratio of 6.57 and a current ratio of 6.91. The business’s 50 day moving average price is C$12.05 and its 200-day moving average price is C$12.71. Element Fleet Management has a fifty-two week low of C$11.11 and a fifty-two week high of C$15.28. The company has a market cap of C$4.57 billion and a price-to-earnings ratio of 15.22.

Element Fleet Management (TSE:EFNGet Rating) last issued its quarterly earnings results on Tuesday, March 1st. The financial services provider reported C$0.21 earnings per share for the quarter, topping the consensus estimate of C$0.19 by C$0.02. The business had revenue of C$245.48 million during the quarter, compared to analysts’ expectations of C$237.00 million. Sell-side analysts predict that Element Fleet Management will post 1.0399999 earnings per share for the current year.

In other Element Fleet Management news, Senior Officer James Halliday sold 41,667 shares of the stock in a transaction on Thursday, March 17th. The stock was sold at an average price of C$12.65, for a total transaction of C$527,087.55. Following the sale, the insider now owns 85,001 shares of the company’s stock, valued at approximately C$1,075,262.65.

Element Fleet Management Company Profile (Get Rating)

Element Fleet Management Corp. operates as a fleet management company primarily in Canada, the United States, Mexico, Australia, and New Zealand. The company offers fleet management services comprising vehicle acquisition, financing, program management, and remarketing services to corporate, commercial, government, and public service vehicle fleets.

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