Analysts Set Element Fleet Management Corp. (TSE:EFN) Price Target at C$33.50

Element Fleet Management Corp. (TSE:EFN) has been given an average recommendation of “Moderate Buy” by the nine ratings firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$33.50.

A number of equities research analysts have commented on the stock. Jefferies Financial Group cut shares of Element Fleet Management from a “buy” rating to a “hold” rating and reduced their price target for the stock from C$32.00 to C$30.00 in a report on Friday, November 15th. TD Securities boosted their target price on Element Fleet Management from C$32.00 to C$33.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. National Bankshares raised their price objective on Element Fleet Management from C$37.00 to C$39.00 in a research note on Thursday, November 14th. Scotiabank lowered their target price on Element Fleet Management from C$33.00 to C$32.00 in a research report on Thursday, November 14th. Finally, CIBC lifted their price target on shares of Element Fleet Management from C$30.00 to C$33.00 in a research report on Thursday, October 31st.

Element Fleet Management Stock Performance

Shares of EFN stock opened at C$29.01 on Wednesday. The firm has a 50 day moving average of C$29.01 and a 200-day moving average of C$28.03. The company has a market cap of C$11.71 billion, a price-to-earnings ratio of 22.66, a price-to-earnings-growth 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. Element Fleet Management has a 52 week low of C$21.20 and a 52 week high of C$30.49.

Insiders Place Their Bets

In other Element Fleet Management news, Senior Officer Laura Lee Dottori-Attanasio acquired 2,500 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were acquired at an average price of C$28.78 per share, with a total value of C$71,950.00. Also, Senior Officer Carlos David Madrigal Gonzalez acquired 3,375 shares of Element Fleet Management stock in a transaction on Wednesday, November 20th. The stock was acquired at an average price of C$28.92 per share, with a total value of C$97,618.50. In the last three months, insiders have bought 19,625 shares of company stock valued at $562,999 and have sold 38,948 shares valued at $1,154,902. Insiders own 0.26% of the company’s stock.

About Element Fleet Management

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.