Element Fleet Management (TSE:EFN) Upgraded to “Buy” at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Element Fleet Management (TSE:EFN) from a hold rating to a buy rating in a research report sent to investors on Monday,BayStreet.CA reports.

Several other analysts have also recently commented on EFN. National Bank Financial lifted their price objective on shares of 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. Raymond James Financial boosted their target price on shares of Element Fleet Management from C$40.00 to C$41.00 in a research report on Thursday, November 13th. Finally, Royal Bank Of Canada set a C$47.00 price target on shares of Element Fleet Management and gave the company an “outperform” rating in a report on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$43.43.

Element Fleet Management Stock Performance

Shares of EFN opened at C$34.30 on Monday. The company has a debt-to-equity ratio of 303.64, a quick ratio of 5.70 and a current ratio of 7.04. The stock has a 50-day moving average of C$35.13 and a two-hundred day moving average of C$36.18. The stock has a market cap of C$13.72 billion, a P/E ratio of 32.06, a P/E/G ratio of 2.97 and a beta of 0.31. Element Fleet Management has a one year low of C$25.76 and a one year high of C$38.26.

Element Fleet Management (TSE:EFN) last announced its quarterly earnings data on Wednesday, November 12th. The financial services provider reported C$0.33 earnings per share (EPS) for the quarter. The firm 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%. As a group, research analysts predict 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.