Element Fleet Management (TSE:EFN) Price Target Raised to C$42.00

Element Fleet Management (TSE:EFN) had its price target raised by Scotiabank from C$40.00 to C$42.00 in a report issued on Friday morning,BayStreet.CA reports. They currently have an outperform rating on the financial services provider’s stock.

A number of other research analysts have also commented on EFN. Royal Bank Of Canada upped their price target on Element Fleet Management from C$43.00 to C$47.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. Raymond James Financial upped their price target on Element Fleet Management from C$36.00 to C$40.00 and gave the stock a “strong-buy” rating in a report on Thursday, August 7th. National Bankshares upped their price target on Element Fleet Management from C$46.00 to C$47.00 in a report on Thursday, August 7th. BMO Capital Markets boosted their price objective on Element Fleet Management from C$35.00 to C$40.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Finally, TD Securities boosted their price objective on Element Fleet Management from C$41.00 to C$42.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Element Fleet Management presently has an average rating of “Moderate Buy” and a consensus target price of C$40.25.

Element Fleet Management Stock Up 0.8%

Shares of EFN stock opened at C$37.71 on Friday. Element Fleet Management has a 12 month low of C$25.00 and a 12 month high of C$38.15. The firm has a market cap of C$15.14 billion, a PE ratio of 37.71, a price-to-earnings-growth ratio of 2.97 and a beta of 0.49. The stock has a 50 day moving average of C$36.77 and a 200-day moving average of C$34.48. The company has a quick ratio of 5.70, a current ratio of 7.04 and a debt-to-equity ratio of 303.64.

Insider Activity

In other Element Fleet Management news, insider Heath Leslie Valkenburg acquired 813 shares of the company’s stock in a transaction dated Wednesday, September 10th. The stock was bought at an average price of C$36.90 per share, for a total transaction of C$29,999.70. Following the purchase, the insider owned 4,153 shares in the company, valued at C$153,245.70. This represents a 24.34% increase in their position. Corporate insiders own 0.26% of the company’s stock.

About Element Fleet Management

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.