Element Fleet Management (TSE:EFN) Given New C$50.00 Price Target at National Bankshares

Element Fleet Management (TSE:EFN) had its price objective boosted by National Bankshares from C$48.00 to C$50.00 in a research note released on Wednesday,BayStreet.CA reports. National Bankshares currently has an outperform rating on the financial services provider’s stock.

Several other brokerages also recently issued reports on EFN. Royal Bank Of Canada set a C$47.00 target price on shares of Element Fleet Management and gave the company an “outperform” rating in a research note on Monday, January 26th. Jefferies Financial Group raised their price target on shares of Element Fleet Management from C$41.00 to C$42.00 in a report on Thursday, October 30th. Raymond James Financial boosted their price objective on shares of Element Fleet Management from C$40.00 to C$41.00 in a research report on Thursday, November 13th. Finally, Scotiabank increased their target price 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. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Element Fleet Management presently has an average rating of “Buy” and an average target price of C$43.43.

Element Fleet Management Price Performance

TSE EFN opened at C$35.86 on Wednesday. The company has a current ratio of 7.04, a quick ratio of 5.70 and a debt-to-equity ratio of 303.64. Element Fleet Management has a 1 year low of C$25.76 and a 1 year high of C$38.26. The company has a market cap of C$14.34 billion, a PE ratio of 33.51, a PEG ratio of 2.97 and a beta of 0.31. The stock’s 50-day moving average price is C$35.59 and its two-hundred day moving average price is C$36.32.

Element Fleet Management (TSE:EFN) last released its earnings results on Wednesday, November 12th. The financial services provider reported C$0.33 earnings per share for the quarter. Element Fleet Management had a net margin of 16.46% and a return on equity of 11.33%. The business had revenue of C$306.39 million for the quarter. On average, analysts predict that Element Fleet Management will post 1.6884016 EPS for the current year.

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. 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.