Element Fleet Management (TSE:EFN – Get Free Report) had its price objective increased by analysts at CIBC from C$30.00 to C$33.00 in a research note issued on Thursday, BayStreet.CA reports. CIBC’s price target points to a potential upside of 15.87% from the stock’s previous close.
Several other research analysts also recently commented on EFN. Raymond James increased their price objective on Element Fleet Management from C$29.00 to C$30.00 and gave the company a “strong-buy” rating in a research note on Wednesday, August 14th. Royal Bank of Canada raised their price target on shares of Element Fleet Management from C$33.00 to C$35.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 14th. National Bankshares upped their price objective on shares of Element Fleet Management from C$34.00 to C$37.00 in a research note on Friday, September 27th. Jefferies Financial Group raised their target price on shares of Element Fleet Management from C$28.00 to C$31.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. Finally, TD Securities upped their price target on Element Fleet Management from C$30.00 to C$32.00 in a research report on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Element Fleet Management currently has an average rating of “Moderate Buy” and an average target price of C$32.25.
Read Our Latest Research Report on EFN
Element Fleet Management Price Performance
Element Fleet Management (TSE:EFN – Get Free Report) last posted its quarterly earnings data on Tuesday, August 13th. The financial services provider reported C$0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.37 by C$0.03. Element Fleet Management had a return on equity of 12.58% and a net margin of 23.41%. The company had revenue of C$375.68 million for the quarter, compared to analysts’ expectations of C$368.46 million. On average, research analysts expect that Element Fleet Management will post 1.6884016 earnings per share for the current year.
Insider Buying and Selling
In other Element Fleet Management news, Senior Officer Laura Lee Dottori-Attanasio bought 18,000 shares of Element Fleet Management stock in a transaction on Thursday, September 5th. The shares were bought at an average price of C$27.67 per share, for a total transaction of C$498,074.40. 0.26% of the stock is currently owned by company insiders.
Element Fleet Management Company Profile
Element Fleet Management Corp. operates as a fleet management company primarily in Canada, Mexico, Australia, and New Zealand. The company offers end-to-end fleet cars, trucks, and material handling support equipment acquisition; and end-to-end electric vehicle fleet including fleet planning, charging infrastructure solutions, acquisition, financing, maintenance, and remarketing.
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