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

Element Fleet Management (TSE:EFN) had its price objective boosted by equities researchers at National Bankshares from C$33.00 to C$34.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the financial services provider’s stock. National Bankshares’ price target points to a potential upside of 26.25% from the stock’s previous close.

Other analysts have also recently issued reports about the company. BMO Capital Markets raised their price target on Element Fleet Management from C$26.00 to C$28.00 in a research note on Thursday, May 16th. TD Securities boosted their target price on Element Fleet Management from C$27.00 to C$28.00 and gave the stock a “buy” rating in a research note on Wednesday, May 15th. Jefferies Financial Group increased their price target on shares of Element Fleet Management from C$28.00 to C$31.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Scotiabank boosted their price objective on shares of Element Fleet Management from C$27.00 to C$28.00 in a research report on Wednesday, July 24th. Finally, CIBC increased their target price on shares of Element Fleet Management from C$28.00 to C$30.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Element Fleet Management presently has an average rating of “Moderate Buy” and a consensus target price of C$30.75.

Element Fleet Management Stock Up 4.3 %

Shares of EFN traded up C$1.12 during midday trading on Wednesday, hitting C$26.93. The company had a trading volume of 512,679 shares, compared to its average volume of 548,612. The company’s 50-day simple moving average is C$25.30 and its 200-day simple moving average is C$23.54. The firm has a market capitalization of C$10.47 billion, a P/E ratio of 22.04, a P/E/G ratio of 2.97 and a beta of 0.90. Element Fleet Management has a 1 year low of C$18.50 and a 1 year high of C$27.44. The company has a debt-to-equity ratio of 315.13, a quick ratio of 5.70 and a current ratio of 8.32.

Element Fleet Management (TSE:EFN) last announced its quarterly earnings data on Tuesday, May 14th. The financial services provider reported C$0.36 EPS for the quarter, beating analysts’ consensus estimates of C$0.31 by C$0.05. The company had revenue of C$353.83 million for the quarter, compared to the consensus estimate of C$333.85 million. Element Fleet Management had a net margin of 23.30% and a return on equity of 12.40%. As a group, sell-side analysts expect that Element Fleet Management will post 1.5701107 EPS for the current year.

Insiders Place Their Bets

In related news, Director George Keith Graham sold 25,000 shares of Element Fleet Management stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of C$24.70, for a total transaction of C$617,500.00. In related news, Senior Officer James Halliday sold 11,174 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of C$25.00, for a total transaction of C$279,350.00. Also, Director George Keith Graham sold 25,000 shares of Element Fleet Management stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of C$24.70, for a total value of C$617,500.00. Over the last three months, insiders have purchased 5,550 shares of company stock worth $132,034 and have sold 68,974 shares worth $1,716,749. 0.22% of the stock is currently 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.