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

Element Fleet Management Corp. (TSE:EFN) has been assigned an average rating of “Buy” from the seven analysts that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$43.43.

Several equities research analysts have weighed in on EFN shares. Raymond James Financial increased their target price on shares of Element Fleet Management from C$40.00 to C$41.00 in a report on Thursday, November 13th. Jefferies Financial Group upped their price objective on shares of Element Fleet Management from C$41.00 to C$42.00 in a research report on Thursday, October 30th. Royal Bank Of Canada set a C$47.00 target price on Element Fleet Management and gave the stock an “outperform” rating in a report on Monday, January 26th. National Bank Financial boosted their target price on Element Fleet Management from C$48.00 to C$50.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Finally, Scotiabank increased their price target on Element Fleet Management from C$40.00 to C$42.00 and gave the stock an “outperform” rating in a report on Friday, October 24th.

Element Fleet Management Price Performance

Shares of EFN opened at C$33.90 on Thursday. 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 stock has a market cap of C$13.56 billion, a P/E ratio of 31.68, a price-to-earnings-growth ratio of 2.97 and a beta of 0.31. The stock’s 50-day moving average price is C$35.23 and its two-hundred day moving average price is C$36.24.

Element Fleet Management (TSE:EFN) last announced 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 return on equity of 11.33% and a net margin of 16.46%.The company had revenue of C$306.39 million during the quarter. On average, equities analysts predict that Element Fleet Management will post 1.6884016 earnings per share 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.