Element Fleet Management (TSE:EFN) Given a C$47.00 Price Target by Royal Bank Of Canada Analysts

Royal Bank Of Canada set a C$47.00 price objective on Element Fleet Management (TSE:EFN) in a research report report published on Monday morning,BayStreet.CA reports. The firm currently has an outperform rating on the financial services provider’s stock.

A number of other research firms also recently weighed in on EFN. Raymond James Financial raised their price target on Element Fleet Management from C$40.00 to C$41.00 in a research report on Thursday, November 13th. Jefferies Financial Group increased their price objective on Element Fleet Management from C$41.00 to C$42.00 in a research report on Thursday, October 30th. National Bankshares boosted their target price 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, Scotiabank upped their target price on Element Fleet Management from C$40.00 to C$42.00 and gave the stock an “outperform” rating in a research note on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Element Fleet Management currently has a consensus rating of “Buy” and a consensus target price of C$42.00.

Element Fleet Management Stock Up 0.3%

Shares of TSE EFN opened at C$34.46 on Monday. Element Fleet Management has a 12 month low of C$25.00 and a 12 month high of C$38.26. The firm has a market capitalization of C$13.78 billion, a price-to-earnings ratio of 32.21, a PEG ratio of 2.97 and a beta of 0.33. 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 business has a 50-day moving average of C$35.83 and a 200-day moving average of C$36.37.

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