Shares of Element Fleet Management Corp. (TSE:EFN – Get Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as C$27.17 and last traded at C$26.23, with a volume of 45209 shares trading hands. The stock had previously closed at C$25.81.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on EFN. National Bankshares upped their price objective on shares of Element Fleet Management from C$31.00 to C$33.00 and gave the company an “outperform” rating in a report on Thursday, May 16th. BMO Capital Markets boosted their target price on shares of Element Fleet Management from C$26.00 to C$28.00 in a research note on Thursday, May 16th. Scotiabank boosted their target price on shares of Element Fleet Management from C$27.00 to C$28.00 in a research note on Wednesday, July 24th. CIBC boosted 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 note on Monday, July 29th. Finally, TD Securities boosted their target price on shares of Element Fleet Management from C$27.00 to C$28.00 and gave the company a “buy” rating in a research note on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$29.75.
View Our Latest Research Report on Element Fleet Management
Element Fleet Management Trading Up 3.8 %
Element Fleet Management (TSE:EFN – Get Free Report) last announced its quarterly earnings results on Tuesday, May 14th. The financial services provider reported C$0.36 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.31 by C$0.05. Element Fleet Management had a net margin of 23.30% and a return on equity of 12.40%. The business had revenue of C$353.83 million during the quarter, compared to analysts’ expectations of C$333.85 million. Equities analysts forecast that Element Fleet Management Corp. will post 1.5701107 earnings per share for the current year.
Insider Buying and Selling at Element Fleet Management
In other Element Fleet Management news, Director George Keith Graham sold 25,000 shares of Element Fleet Management stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of C$24.70, for a total transaction of C$617,500.00. In other news, Senior Officer James Halliday sold 32,700 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of C$25.00, for a total value of C$817,500.00. Also, Director George Keith Graham sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of C$24.70, for a total transaction of C$617,500.00. Over the last three months, insiders purchased 5,550 shares of company stock worth $132,034 and sold 68,974 shares worth $1,716,749. Company insiders own 0.22% of the company’s stock.
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.
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