Element Fleet Management (TSE:EFN) Price Target Raised to C$48.00

Element Fleet Management (TSE:EFN) had its target price raised by National Bankshares from C$47.00 to C$48.00 in a report released on Monday morning,BayStreet.CA reports. They currently have an outperform rating on the financial services provider’s stock.

A number of other brokerages have also recently weighed in on EFN. Scotiabank lifted their price objective on shares of Element Fleet Management from C$40.00 to C$42.00 and gave the company an “outperform” rating in a report on Friday, October 24th. Raymond James Financial lifted their price target on shares of Element Fleet Management from C$36.00 to C$40.00 and gave the stock a “strong-buy” rating in a research note on Thursday, August 7th. BMO Capital Markets lifted their price target on shares of Element Fleet Management from C$35.00 to C$40.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. TD Securities lifted their price target on shares of Element Fleet Management from C$41.00 to C$42.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. Finally, Royal Bank Of Canada lifted their price target on shares of Element Fleet Management from C$43.00 to C$47.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$40.38.

Element Fleet Management Trading Down 1.7%

Shares of EFN stock opened at C$37.08 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 market capitalization of C$14.89 billion, a P/E ratio of 37.08, a price-to-earnings-growth ratio of 2.97 and a beta of 0.49. The company has a 50 day moving average price of C$36.81 and a 200 day moving average price of C$34.66. Element Fleet Management has a fifty-two week low of C$25.00 and a fifty-two week high of C$38.26.

Insider Buying and Selling at Element Fleet Management

In related news, insider Heath Leslie Valkenburg acquired 813 shares of Element Fleet Management stock in a transaction dated Wednesday, September 10th. The stock was acquired at an average price of C$36.90 per share, for a total transaction of C$29,999.70. Following the transaction, the insider owned 4,153 shares of the company’s stock, valued at C$153,245.70. This represents a 24.34% increase in their ownership of the stock. Corporate insiders own 0.26% of the company’s stock.

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.