Element Fleet Management (TSE:EFN) Price Target Increased to C$13.00 by Analysts at Royal Bank of Canada

Element Fleet Management (TSE:EFN) had its price objective lifted by Royal Bank of Canada from C$12.00 to C$13.00 in a research report report published on Thursday, August 1st, Stock Target Advisor reports. Royal Bank of Canada currently has a top pick rating on the financial services provider’s stock.

Several other equities analysts also recently commented on the stock. TD Securities upped their price objective on shares of Element Fleet Management from C$11.00 to C$12.00 and gave the company a buy rating in a research note on Thursday, August 1st. CIBC increased their price target on shares of Element Fleet Management from C$10.00 to C$12.00 in a research note on Wednesday, May 8th. BMO Capital Markets increased their price target on shares of Element Fleet Management from C$10.00 to C$12.00 in a research note on Thursday, May 9th. National Bank Financial increased their price target on shares of Element Fleet Management from C$10.00 to C$12.00 and gave the stock an outperform rating in a research note on Wednesday, May 8th. Finally, Raymond James set a C$12.50 price objective on shares of Element Fleet Management and gave the stock a strong-buy rating in a report on Tuesday, July 30th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of C$11.38.

Shares of Element Fleet Management stock traded down C$0.08 during mid-day trading on Thursday, hitting C$10.25. 1,527,500 shares of the stock were exchanged, compared to its average volume of 916,278. The company has a debt-to-equity ratio of 331.15, a quick ratio of 9.25 and a current ratio of 9.60. The company has a market capitalization of $4.49 billion and a P/E ratio of -21.44. The company has a 50-day simple moving average of C$10.24 and a 200 day simple moving average of C$9.05. Element Fleet Management has a 12 month low of C$6.03 and a 12 month high of C$10.94.

Element Fleet Management Company Profile

Element Fleet Management Corp. operates as a fleet management company in Canada, the United States, and internationally. The company offers fleet management services, including acquisition, financing, program management, and remarketing services for cars and light duty vehicles, medium and heavy duty trucks, material handling equipment, automobiles, and specialty vehicles and equipment, as well as corporate, municipal, and industrial fleets.

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Analyst Recommendations for Element Fleet Management (TSE:EFN)

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