Element Fleet Management Corp. (TSE:EFN) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Element Fleet Management Corp. (TSE:EFNGet Free Report) has earned an average rating of “Moderate Buy” from the nine ratings firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is C$33.50.

Several equities analysts have recently weighed in on the stock. TD Securities upped 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. CIBC increased their price target on Element Fleet Management from C$30.00 to C$33.00 in a report on Thursday, October 31st. Raymond James upped their target price on Element Fleet Management from C$30.00 to C$34.00 in a research report on Thursday, November 14th. Jefferies Financial Group downgraded shares of Element Fleet Management from a “buy” rating to a “hold” rating and reduced their price target for the company from C$32.00 to C$30.00 in a research report on Friday, November 15th. Finally, Scotiabank lowered their price objective on shares of Element Fleet Management from C$33.00 to C$32.00 in a report on Thursday, November 14th.

Check Out Our Latest Stock Analysis on Element Fleet Management

Insider Transactions at Element Fleet Management

In other Element Fleet Management news, Senior Officer Carlos David Madrigal Gonzalez acquired 3,375 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were acquired at an average price of C$28.92 per share, with a total value of C$97,618.50. Also, Senior Officer Laura Lee Dottori-Attanasio acquired 2,500 shares of Element Fleet Management stock in a transaction on Monday, December 23rd. The stock was acquired at an average price of C$28.78 per share, with a total value of C$71,950.00. In the last quarter, insiders bought 19,625 shares of company stock worth $562,999 and sold 38,948 shares worth $1,154,902. Company insiders own 0.26% of the company’s stock.

Element Fleet Management Stock Performance

TSE:EFN opened at C$28.16 on Wednesday. The company has a quick ratio of 5.70, a current ratio of 8.22 and a debt-to-equity ratio of 303.14. Element Fleet Management has a twelve month low of C$21.20 and a twelve month high of C$30.49. The company has a fifty day moving average of C$29.05 and a 200-day moving average of C$27.89. The firm has a market capitalization of C$11.37 billion, a P/E ratio of 22.00, a P/E/G ratio of 2.97 and a beta of 0.91.

Element Fleet Management Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for Element Fleet Management (TSE:EFN)

Receive News & Ratings for Element Fleet Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Element Fleet Management and related companies with MarketBeat.com's FREE daily email newsletter.