National Bankshares Forecasts Strong Price Appreciation for Element Fleet Management (TSE:EFN) Stock

Element Fleet Management (TSE:EFN) had its price target raised by National Bankshares from C$37.00 to C$39.00 in a note issued to investors on Thursday,BayStreet.CA reports. National Bankshares’ target price would suggest a potential upside of 43.86% from the stock’s current price.

EFN has been the subject of a number of other reports. CIBC raised their price objective on Element Fleet Management from C$30.00 to C$33.00 in a research report on Thursday, October 31st. Scotiabank reduced their price target on shares of Element Fleet Management from C$33.00 to C$32.00 in a research note on Thursday. Royal Bank of Canada upped their price objective on shares of Element Fleet Management from C$33.00 to C$35.00 and gave the stock an “outperform” rating in a report on Wednesday, August 14th. TD Securities lifted their target price on shares of Element Fleet Management from C$32.00 to C$33.00 and gave the company a “buy” rating in a report on Thursday. Finally, BMO Capital Markets upped their price target on Element Fleet Management from C$28.00 to C$32.00 in a research note on Thursday, August 15th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Element Fleet Management currently has a consensus rating of “Moderate Buy” and an average price target of C$33.50.

Element Fleet Management Price Performance

Shares of EFN stock opened at C$27.11 on Thursday. The company has a market capitalization of C$10.94 billion, a PE ratio of 21.18, 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 current ratio of 8.22 and a quick ratio of 5.70. The firm’s 50-day moving average is C$28.66 and its two-hundred day moving average is C$26.26. Element Fleet Management has a 12 month low of C$20.62 and a 12 month high of C$30.04.

Element Fleet Management (TSE:EFN) last posted its earnings results on Tuesday, August 13th. The financial services provider reported C$0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.37 by C$0.03. Element Fleet Management had a return on equity of 12.58% and a net margin of 23.41%. The company had revenue of C$375.68 million during the quarter, compared to analysts’ expectations of C$368.46 million. Analysts predict that Element Fleet Management will post 1.6884016 earnings per share for the current year.

Insiders Place Their Bets

In other news, Senior Officer Laura Lee Dottori-Attanasio acquired 18,000 shares of Element Fleet Management stock in a transaction dated Thursday, September 5th. The shares were acquired at an average cost of C$27.67 per share, for a total transaction of C$498,074.40. 0.26% of the stock is owned by company insiders.

Element Fleet Management Company Profile

Element Fleet Management Corp. operates as a fleet management company primarily in Canada, Mexico, Australia, and New Zealand. The company offers end-to-end fleet cars, trucks, and material handling support equipment acquisition; and end-to-end electric vehicle fleet including fleet planning, charging infrastructure solutions, acquisition, financing, maintenance, and remarketing.