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

Element Fleet Management Corp. (TSE:EFN) has earned an average rating of “Moderate Buy” from the nine brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$33.50.

EFN has been the subject of several recent research reports. National Bankshares lifted their target price on shares of Element Fleet Management from C$37.00 to C$39.00 in a research note on Thursday, November 14th. Raymond James lifted their price objective on shares of Element Fleet Management from C$30.00 to C$34.00 in a research note on Thursday, November 14th. Jefferies Financial Group downgraded Element Fleet Management from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$32.00 to C$30.00 in a research report on Friday, November 15th. CIBC lifted their price target on Element Fleet Management from C$30.00 to C$33.00 in a research report on Thursday, October 31st. Finally, TD Securities boosted their price objective on Element Fleet Management from C$32.00 to C$33.00 and gave the company a “buy” rating in a research note on Thursday, November 14th.

Insider Buying and Selling

In other Element Fleet Management news, Senior Officer James Halliday sold 33,664 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of C$30.00, for a total value of C$1,009,920.00. Also, Senior Officer Carlos David Madrigal Gonzalez sold 5,200 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of C$27.40, for a total transaction of C$142,480.00. Over the last ninety days, insiders acquired 19,625 shares of company stock worth $562,999 and sold 38,948 shares worth $1,154,902. 0.26% of the stock is owned by company insiders.

Element Fleet Management Trading Down 0.1 %

Shares of EFN opened at C$28.16 on Wednesday. Element Fleet Management has a fifty-two week low of C$21.20 and a fifty-two week high of C$30.49. The business has a 50-day moving average of C$29.05 and a 200 day moving average of C$27.89. The firm has a market cap of C$11.37 billion, a P/E ratio of 22.00, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91. The company has a debt-to-equity ratio of 303.14, a quick ratio of 5.70 and a current ratio of 8.22.

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.