Element Fleet Management (TSE:EFN) Stock Gets Price Target Trim from TD

Element Fleet Management (TSE:EFN) had its target price decreased by TD from C$38.00 to C$31.00 in a research note published on Monday,BayStreet reports. TD currently has a buy rating on the financial services provider’s stock.

Other research analysts have also recently issued research reports about the company. RBC Dominion Securities cut their price objective on Element Fleet Management from C$40.00 to C$33.00 and set an “outperform” rating for the company in a research report on Thursday, October 15th. Raymond James Financial decreased their target price on shares of Element Fleet Management from C$42.00 to C$32.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 6th. Eight analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$38.88.

Element Fleet Management Stock Performance

TSE EFN opened at C$21.37 on Monday. The company has a current ratio of -1,179.03, a quick ratio of 5.70 and a debt-to-equity ratio of 357.23. The business’s 50 day moving average is C$24.60 and its two-hundred day moving average is C$27.82. Element Fleet Management has a 12-month low of C$20.39 and a 12-month high of C$38.26. The stock has a market capitalization of C$8.36 billion, a price-to-earnings ratio of 28.88, a PEG ratio of 2.97 and a beta of 0.60.

Element Fleet Management (TSE:EFN) last posted its quarterly earnings results on Wednesday, August 5th. The financial services provider reported C$0.48 EPS for the quarter. Element Fleet Management had a return on equity of 10.57% and a net margin of 12.17%. The business had revenue of C$451.94 million during the quarter. Research analysts expect that Element Fleet Management will post 1.69 EPS for the current year.

Insiders Place Their Bets

In other news, insider Jacob Eisenberg sold 90,855 shares of the firm’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of C$26.26, for a total transaction of C$2,385,852.30. Following the sale, the insider owned 64,897 shares in the company, valued at C$1,704,195.22. This trade represents a 58.33% decrease in their ownership of the stock. Also, insider Jose Manuel Tamayo purchased 2,343 shares of the stock in a transaction on Wednesday, September 16th. The stock was acquired at an average price of C$24.75 per share, with a total value of C$57,989.25. Following the acquisition, the insider directly owned 3,844 shares in the company, valued at C$95,139. This trade represents a 156.10% increase in their ownership of the stock. Corporate insiders own 0.26% of the company’s stock.

Element Fleet Management Company Profile

Element Fleet Management (TSX: EFN) is the largest publicly traded pure play automotive fleet manager in the world and a global leader in intelligent fleet and mobility solutions. Guided by our Purpose to Move the world through intelligent mobility, we help clients manage the vehicles, data, technology, and decisions that keep their businesses moving. Fleet is our foundation, and intelligent mobility is how we lead. By combining deep fleet expertise with connected technologies, data driven intelligence, and strategic partnerships, Element helps clients lower total cost of ownership, improve uptime and driver experience, and build more resilient operations.