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

Shares of Element Fleet Management Corp. (TSE:EFN) have been given a consensus rating of “Buy” by the eight ratings firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$42.00.

A number of brokerages have issued reports on EFN. Scotiabank upped their price target on shares of Element Fleet Management from C$40.00 to C$42.00 and gave the company an “outperform” rating in a research note on Friday, October 24th. Royal Bank Of Canada boosted their price objective on shares of Element Fleet Management from C$43.00 to C$47.00 and gave the company an “outperform” rating in a report on Friday, August 8th. BMO Capital Markets upped their target price 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. National Bankshares lifted their price target on Element Fleet Management from C$47.00 to C$48.00 and gave the stock an “outperform” rating in a research report on Monday, October 27th. Finally, Raymond James Financial boosted their price target on Element Fleet Management from C$40.00 to C$41.00 in a research note on Thursday, November 13th.

Element Fleet Management Price Performance

Shares of TSE EFN opened at C$36.46 on Friday. The company has a debt-to-equity ratio of 303.64, a quick ratio of 5.70 and a current ratio of 7.04. The company has a market cap of C$14.58 billion, a PE ratio of 34.07, a P/E/G ratio of 2.97 and a beta of 0.38. The business has a 50-day simple moving average of C$36.81 and a two-hundred day simple moving average of C$35.73. Element Fleet Management has a fifty-two week low of C$25.00 and a fifty-two week high of C$38.26.

Element Fleet Management (TSE:EFN) last posted its quarterly earnings data on Wednesday, November 12th. The financial services provider reported C$0.33 earnings per share (EPS) for the quarter. The firm had revenue of C$306.39 million for the quarter. Element Fleet Management had a net margin of 16.46% and a return on equity of 11.33%. As a group, equities analysts expect that Element Fleet Management will post 1.6884016 EPS for the current fiscal year.

Insider Activity at Element Fleet Management

In other news, insider Heath Leslie Valkenburg bought 813 shares of the company’s stock in a transaction that occurred on Wednesday, September 10th. The shares were purchased at an average price of C$36.90 per share, for a total transaction of C$29,999.70. Following the completion of the transaction, the insider directly owned 4,153 shares in the company, valued at approximately C$153,245.70. This represents a 24.34% increase in their ownership of the stock. 0.26% of the stock is owned by company insiders.

Element Fleet Management Company Profile

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.