Element Fleet Management (TSE:EFN) Given New C$42.00 Price Target at Jefferies Financial Group

Element Fleet Management (TSE:EFN) had its price objective hoisted by Jefferies Financial Group from C$41.00 to C$42.00 in a research report report published on Thursday morning,BayStreet.CA reports.

A number of other analysts have also issued reports on the stock. National Bankshares lifted their price objective on shares of Element Fleet Management from C$47.00 to C$48.00 and gave the company an “outperform” rating in a research note on Monday. BMO Capital Markets lifted their price objective on shares of Element Fleet Management from C$35.00 to C$40.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Raymond James Financial lifted their price objective on shares of Element Fleet Management from C$36.00 to C$40.00 and gave the company a “strong-buy” rating in a research note on Thursday, August 7th. TD Securities lifted their price objective on shares of Element Fleet Management from C$41.00 to C$42.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Finally, Royal Bank Of Canada lifted their price objective on shares of Element Fleet Management from C$43.00 to C$47.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$41.88.

Element Fleet Management Stock Performance

TSE:EFN opened at C$37.60 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. The firm has a market capitalization of C$15.09 billion, a price-to-earnings ratio of 37.60, a PEG ratio of 2.97 and a beta of 0.49. The firm’s fifty day simple moving average is C$36.83 and its 200 day simple moving average is C$34.68. Element Fleet Management has a twelve month low of C$25.00 and a twelve month high of C$38.26.

Insider Buying and Selling

In related news, insider Heath Leslie Valkenburg acquired 813 shares of Element Fleet Management stock in a transaction on Wednesday, September 10th. The shares were purchased at an average cost of C$36.90 per share, for a total transaction of C$29,999.70. Following the purchase, the insider directly owned 4,153 shares of the company’s stock, valued at C$153,245.70. The trade was a 24.34% increase in their position. 0.26% of the stock is owned by company insiders.

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.