Element Fleet Management Corp. (TSE:EFN) Given Consensus Rating of “Buy” by Analysts

Element Fleet Management Corp. (TSE:EFN) has been assigned a consensus recommendation of “Buy” from the eight ratings firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$42.00.

Several brokerages recently commented on EFN. Scotiabank upped their price target on shares of Element Fleet Management from C$40.00 to C$42.00 and gave the stock an “outperform” rating in a research report on Friday, October 24th. National Bankshares boosted their price objective on shares of Element Fleet Management from C$47.00 to C$48.00 and gave the company an “outperform” rating in a research note on Monday, October 27th. Raymond James Financial increased their target price on Element Fleet Management from C$40.00 to C$41.00 in a research report on Thursday, November 13th. Finally, Jefferies Financial Group lifted their target price on Element Fleet Management from C$41.00 to C$42.00 in a report on Thursday, October 30th.

Element Fleet Management Price Performance

Shares of TSE:EFN opened at C$34.35 on Friday. The company has a market cap of C$13.74 billion, a P/E ratio of 32.10, a P/E/G ratio of 2.97 and a beta of 0.33. The business has a fifty day simple moving average of C$35.84 and a 200-day simple moving average of C$36.36. Element Fleet Management has a 52 week low of C$25.00 and a 52 week high of C$38.26. The company has a quick ratio of 5.70, a current ratio of 7.04 and a debt-to-equity ratio of 303.64.

Element Fleet Management (TSE:EFN) last posted its quarterly earnings results on Wednesday, November 12th. The financial services provider reported C$0.33 EPS for the quarter. The company had revenue of C$306.39 million during the quarter. Element Fleet Management had a return on equity of 11.33% and a net margin of 16.46%. Equities research analysts forecast that Element Fleet Management will post 1.6884016 EPS for the current year.

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. The company’s suite of fleet management services deals with acquisition and financing, to program management and remarketing. ECN Capital operates across North America in three verticals of the equipment finance market: commercial and vendor finance, rail finance, and commercial aviation finance.