Element Fleet Management (TSE:EFN) Stock Price Expected to Rise, National Bankshares Analyst Says

Element Fleet Management (TSE:EFN) had its target price upped by stock analysts at National Bankshares from C$37.00 to C$39.00 in a report issued on Thursday,BayStreet.CA reports. National Bankshares’ target price would suggest a potential upside of 44.44% from the stock’s previous close.

EFN has been the topic of several other research reports. BMO Capital Markets lifted their price target on shares of Element Fleet Management from C$28.00 to C$32.00 in a report on Thursday, August 15th. Scotiabank reduced their price target on shares of Element Fleet Management from C$33.00 to C$32.00 in a research report on Thursday. Raymond James raised their price objective on shares of Element Fleet Management from C$30.00 to C$34.00 in a report on Thursday. CIBC upped their target price on Element Fleet Management from C$30.00 to C$33.00 in a report on Thursday, October 31st. Finally, Royal Bank of Canada raised their target price on Element Fleet Management from C$33.00 to C$35.00 and gave the company an “outperform” rating in a research note on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Element Fleet Management currently has an average rating of “Moderate Buy” and an average target price of C$33.63.

Element Fleet Management Trading Down 4.5 %

Shares of EFN stock traded down C$1.26 during mid-day trading on Thursday, reaching C$27.00. The stock had a trading volume of 999,959 shares, compared to its average volume of 539,419. The firm has a market capitalization of C$10.90 billion, a PE ratio of 20.99, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91. The stock’s 50-day moving average price is C$28.68 and its two-hundred day moving average price is C$26.22. The company has a current ratio of 8.22, a quick ratio of 5.70 and a debt-to-equity ratio of 303.14. Element Fleet Management has a 52-week low of C$20.55 and a 52-week high of C$30.04.

Element Fleet Management (TSE:EFN) last released its quarterly earnings data on Tuesday, August 13th. The financial services provider reported C$0.40 earnings per share 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 business had revenue of C$375.68 million during the quarter, compared to analysts’ expectations of C$368.46 million. Equities analysts expect that Element Fleet Management will post 1.6884016 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Senior Officer Laura Lee Dottori-Attanasio purchased 18,000 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were purchased at an average price of C$27.67 per share, for a total transaction of C$498,074.40. Corporate insiders own 0.26% 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.