Element Fleet Management (TSE:EFN) Given New C$14.00 Price Target at Raymond James

Element Fleet Management (TSE:EFN – Get Rating) had its target price raised by Raymond James from C$13.25 to C$14.00 in a research report issued on Tuesday, BayStreet.CA reports. The firm presently has a “market perform” rating on the financial services provider’s stock. Raymond James’ price target suggests a potential upside of 14.01% from the company’s previous close.

Several other research firms have also weighed in on EFN. TD Securities decreased their target price on shares of Element Fleet Management from C$13.50 to C$12.50 and set a “hold” rating on the stock in a report on Thursday, April 28th. BMO Capital Markets initiated coverage on shares of Element Fleet Management in a report on Wednesday, March 2nd. They issued a “hold” rating and a C$14.50 price objective on the stock. Finally, Royal Bank of Canada upped their price objective on shares of Element Fleet Management from C$17.00 to C$18.00 and gave the stock an “outperform” rating in a report on Wednesday, March 2nd. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Element Fleet Management has an average rating of “Buy” and an average target price of C$16.11.

TSE:EFN traded up C$1.28 on Tuesday, hitting C$12.28. The stock had a trading volume of 1,071,915 shares, compared to its average volume of 543,246. The company has a quick ratio of 6.57, a current ratio of 6.91 and a debt-to-equity ratio of 240.50. The stock has a market cap of C$4.91 billion and a price-to-earnings ratio of 16.23. The company has a fifty day moving average price of C$11.93 and a two-hundred day moving average price of C$12.60. Element Fleet Management has a 1-year low of C$10.99 and a 1-year high of C$15.28.

Element Fleet Management (TSE:EFN – Get Rating) last posted its earnings results on Tuesday, March 1st. The financial services provider reported C$0.21 earnings per share for the quarter, beating the consensus estimate of C$0.19 by C$0.02. The firm had revenue of C$245.48 million during the quarter, compared to analyst estimates of C$237.00 million. As a group, analysts anticipate that Element Fleet Management will post 1.03 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 that occurred on Thursday, March 17th. The shares were sold at an average price of C$12.65, for a total transaction of C$527,087.55. Following the sale, the insider now directly owns 85,001 shares in the company, valued at approximately C$1,075,262.65.

About Element Fleet Management (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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