Element Fleet Management (TSE:EFN) Price Target Raised to C$34.00 at CIBC

Element Fleet Management (TSE:EFN) had its target price hoisted by CIBC from C$33.00 to C$34.00 in a report released on Thursday,BayStreet.CA reports. The firm currently has an outperform rating on the financial services provider’s stock.

EFN has been the topic of several other reports. Jefferies Financial Group lowered shares of Element Fleet Management from a “buy” rating to a “hold” rating and reduced their price objective for the company from C$32.00 to C$30.00 in a report on Friday, November 15th. TD Securities lifted their target price on Element Fleet Management from C$32.00 to C$33.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Scotiabank decreased their price target on shares of Element Fleet Management from C$33.00 to C$32.00 in a research note on Thursday, November 14th. Raymond James boosted their target price on shares of Element Fleet Management from C$30.00 to C$34.00 in a research note on Thursday, November 14th. Finally, National Bankshares raised their price target on Element Fleet Management from C$37.00 to C$39.00 in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$33.63.

Element Fleet Management Price Performance

TSE:EFN opened at C$28.55 on Thursday. Element Fleet Management has a 52 week low of C$21.20 and a 52 week high of C$30.49. The stock’s fifty day moving average is C$29.10 and its two-hundred day moving average is C$28.26. The company has a market capitalization of C$11.52 billion, a P/E ratio of 22.30, a P/E/G ratio of 2.97 and a beta of 0.91. The company has a quick ratio of 5.70, a current ratio of 8.22 and a debt-to-equity ratio of 303.14.

Insider Buying and Selling

In other news, Senior Officer Heath Leslie Valkenburg acquired 2,550 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was purchased at an average cost of C$28.46 per share, with a total value of C$72,571.98. Also, Senior Officer Laura Lee Dottori-Attanasio bought 2,500 shares of the stock in a transaction on Monday, December 23rd. The stock was purchased at an average cost of C$28.78 per share, for a total transaction of C$71,950.00. In the last quarter, insiders have bought 19,625 shares of company stock worth $562,999 and have sold 38,948 shares worth $1,154,902. 0.26% of the stock is currently owned by company insiders.

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.