Element Fleet Management (TSE:EFN) Given New C$20.00 Price Target at National Bankshares

Element Fleet Management (TSE:EFN – Get Rating) had its price target raised by investment analysts at National Bankshares from C$19.00 to C$20.00 in a note issued to investors on Tuesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the financial services provider’s stock. National Bankshares’ price target suggests a potential upside of 62.87% from the stock’s previous close.

A number of other equities analysts have also recently commented on EFN. BMO Capital Markets decreased their target price on shares of Element Fleet Management from C$14.50 to C$13.50 in a research report on Tuesday. TD Securities lifted their target price on shares of Element Fleet Management from C$12.50 to C$13.00 and gave the stock a “hold” rating in a research report on Tuesday. Royal Bank of Canada raised their price target 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. Finally, Raymond James raised their price target on shares of Element Fleet Management from C$13.25 to C$14.00 and gave the stock a “market perform” rating in a report on Tuesday. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$16.11.

TSE:EFN traded up C$1.28 during trading hours on Tuesday, reaching C$12.28. The company’s stock had a trading volume of 1,071,915 shares, compared to its average volume of 543,246. The firm has a market capitalization of C$4.91 billion and a price-to-earnings ratio of 16.23. The firm has a 50-day simple moving average of C$11.93 and a 200-day simple moving average 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. The company has a debt-to-equity ratio of 240.50, a quick ratio of 6.57 and a current ratio of 6.91.

Element Fleet Management (TSE:EFN – Get Rating) last issued its earnings results on Tuesday, March 1st. The financial services provider reported C$0.21 EPS for the quarter, topping analysts’ consensus estimates 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. Equities analysts anticipate that Element Fleet Management will post 1.03 earnings per share for the current fiscal year.

In other news, Senior Officer James Halliday sold 41,667 shares of Element Fleet Management stock in a transaction dated 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 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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