Brokerages Set Element Fleet Management Corp. (TSE:EFN) Price Target at C$42.00

Element Fleet Management Corp. (TSE:EFN) has earned a consensus rating of “Buy” from the eight analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$42.00.

Several research firms have weighed in on EFN. Raymond James Financial upped their target price on Element Fleet Management from C$40.00 to C$41.00 in a research note on Thursday, November 13th. Jefferies Financial Group boosted their price target on Element Fleet Management from C$41.00 to C$42.00 in a report on Thursday, October 30th. Scotiabank upped their price objective on Element Fleet Management from C$40.00 to C$42.00 and gave the stock an “outperform” rating in a research report on Friday, October 24th. Finally, National Bankshares lifted their target price on Element Fleet Management from C$47.00 to C$48.00 and gave the company an “outperform” rating in a research report on Monday, October 27th.

Element Fleet Management Trading Down 0.5%

EFN opened at C$35.86 on Wednesday. The stock has a market capitalization of C$14.34 billion, a price-to-earnings ratio of 33.51, a P/E/G ratio of 2.97 and a beta of 0.33. The company has a quick ratio of 5.70, a current ratio of 7.04 and a debt-to-equity ratio of 303.64. Element Fleet Management has a twelve month low of C$25.00 and a twelve month high of C$38.26. The company has a 50-day simple moving average of C$36.54 and a 200 day simple moving average of C$36.28.

Element Fleet Management (TSE:EFN) last issued its earnings results on Wednesday, November 12th. The financial services provider reported C$0.33 EPS for the quarter. The company had revenue of C$306.39 million during the quarter. Element Fleet Management had a net margin of 16.46% and a return on equity of 11.33%. Analysts predict that Element Fleet Management will post 1.6884016 EPS for the current fiscal 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.