TD Securities Cuts Element Fleet Management (TSE:EFN) Price Target to C$41.00

Element Fleet Management (TSE:EFN) had its price target cut by TD Securities from C$42.00 to C$41.00 in a report released on Wednesday,BayStreet.CA reports. They currently have a buy rating on the financial services provider’s stock.

EFN has been the topic of a number of other reports. Royal Bank Of Canada set a C$47.00 price target on shares of Element Fleet Management and gave the stock an “outperform” rating in a research report on Monday, January 26th. Jefferies Financial Group upgraded Element Fleet Management from a “hold” rating to a “buy” rating in a report on Monday, February 23rd. Raymond James Financial upped their price target on Element Fleet Management from C$40.00 to C$41.00 in a research report on Thursday, November 13th. Finally, National Bank Financial lifted their price objective on Element Fleet Management from C$48.00 to C$50.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of C$43.29.

Element Fleet Management Stock Performance

TSE EFN opened at C$32.49 on Wednesday. The company has a debt-to-equity ratio of 303.64, a current ratio of 7.04 and a quick ratio of 5.70. The stock’s 50 day simple moving average is C$34.95 and its 200-day simple moving average is C$36.10. The company has a market cap of C$12.99 billion, a PE ratio of 30.36, a price-to-earnings-growth ratio of 2.97 and a beta of 0.31. Element Fleet Management has a 1-year low of C$25.76 and a 1-year high of C$38.26.

Element Fleet Management (TSE:EFN) last posted its quarterly earnings data on Tuesday, February 24th. The financial services provider reported C$0.45 EPS for the quarter. The firm had revenue of C$430.19 million during the quarter. Element Fleet Management had a return on equity of 11.33% and a net margin of 16.46%. As a group, equities research analysts anticipate 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.