Element Fleet Management (TSE:EFN) Given New C$41.00 Price Target at TD Securities

Element Fleet Management (TSE:EFN) had its price target cut by TD Securities from C$42.00 to C$41.00 in a research report sent to investors on Wednesday,BayStreet.CA reports. They currently have a buy rating on the financial services provider’s stock.

A number of other research firms also recently weighed in on EFN. Royal Bank Of Canada set a C$47.00 price target on Element Fleet Management and gave the stock an “outperform” rating in a research note on Monday, January 26th. Jefferies Financial Group upgraded Element Fleet Management from a “hold” rating to a “buy” rating in a report on Monday. National Bank Financial upped their target price on Element Fleet Management from C$48.00 to C$50.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Finally, Raymond James Financial increased their target price on Element Fleet Management from C$40.00 to C$41.00 in a report on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Element Fleet Management has an average rating of “Buy” and an average price target of C$43.29.

Element Fleet Management Trading Down 3.9%

TSE:EFN opened at C$33.10 on Wednesday. Element Fleet Management has a 12 month low of C$25.76 and a 12 month high of C$38.26. The company has a current ratio of 7.04, a quick ratio of 5.70 and a debt-to-equity ratio of 303.64. The stock has a market capitalization of C$13.24 billion, a price-to-earnings ratio of 30.93, a PEG ratio of 2.97 and a beta of 0.31. The firm has a fifty day simple moving average of C$35.06 and a two-hundred day simple moving average of C$36.15.

Element Fleet Management (TSE:EFN) last announced its quarterly earnings data on Tuesday, February 24th. The financial services provider reported C$0.45 earnings per share for the quarter. The firm had revenue of C$430.19 million for the quarter. Element Fleet Management had a net margin of 16.46% and a return on equity of 11.33%. Analysts expect that Element Fleet Management will post 1.6884016 EPS for the current fiscal 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.