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

Shares of Element Fleet Management Corp. (TSE:EFN) have been given an average recommendation of “Buy” by the eight brokerages that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is C$42.00.

EFN has been the topic of several recent research reports. Jefferies Financial Group lifted their price objective on shares of Element Fleet Management from C$41.00 to C$42.00 in a research note on Thursday, October 30th. Raymond James Financial lifted their price target on shares of Element Fleet Management from C$40.00 to C$41.00 in a research report on Thursday, November 13th. National Bankshares increased their price objective 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. Finally, Scotiabank raised 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 note on Friday, October 24th.

Element Fleet Management Trading Down 0.5%

Shares of Element Fleet Management stock opened at C$35.86 on Wednesday. The business has a fifty day simple moving average of C$36.54 and a 200-day simple moving average of C$36.24. Element Fleet Management has a fifty-two week low of C$25.00 and a fifty-two week high of C$38.26. The firm has a market cap of C$14.34 billion, a price-to-earnings ratio of 33.51, a price-to-earnings-growth ratio of 2.97 and a beta of 0.38. 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 (TSE:EFN) last released its earnings results on Wednesday, November 12th. The financial services provider reported C$0.33 earnings per share (EPS) for the quarter. Element Fleet Management had a return on equity of 11.33% and a net margin of 16.46%.The firm had revenue of C$306.39 million for the quarter. On average, equities analysts forecast 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.