Element Fleet Management Corp. (TSE:EFN) Receives Average Rating of “Buy” from Brokerages

Shares of Element Fleet Management Corp. (TSE:EFN) have been given a consensus rating of “Buy” by the eight brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is C$43.43.

Several research analysts have issued reports on EFN shares. Jefferies Financial Group raised Element Fleet Management from a “hold” rating to a “buy” rating in a report on Monday. National Bank Financial increased their price target on Element Fleet Management from C$48.00 to C$50.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Royal Bank Of Canada set a C$47.00 price objective on Element Fleet Management and gave the stock an “outperform” rating in a report on Monday, January 26th. Finally, Raymond James Financial upped their price objective on shares of Element Fleet Management from C$40.00 to C$41.00 in a research note on Thursday, November 13th.

Element Fleet Management Price Performance

TSE EFN opened at C$34.30 on Thursday. The company has a 50-day moving average price of C$35.13 and a two-hundred day moving average price of C$36.18. 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 stock has a market cap of C$13.72 billion, a price-to-earnings ratio of 32.06, a price-to-earnings-growth ratio of 2.97 and a beta of 0.31. Element Fleet Management has a 52 week low of C$25.76 and a 52 week 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 for the quarter. Element Fleet Management had a return on equity of 11.33% and a net margin of 16.46%.The business had revenue of C$306.39 million during the quarter. Analysts forecast 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.