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

Shares of Element Fleet Management Corp. (TSE:EFN) have been assigned an average rating of “Moderate Buy” from the nine research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is C$33.50.

A number of brokerages have commented on EFN. Raymond James boosted their price objective on Element Fleet Management from C$30.00 to C$34.00 in a research note on Thursday, November 14th. TD Securities boosted their price target on Element Fleet Management from C$32.00 to C$33.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. National Bankshares increased their price objective on shares of Element Fleet Management from C$37.00 to C$39.00 in a research report on Thursday, November 14th. Jefferies Financial Group cut shares of Element Fleet Management from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$32.00 to C$30.00 in a research report on Friday, November 15th. Finally, Scotiabank lowered their price target on shares of Element Fleet Management from C$33.00 to C$32.00 in a report on Thursday, November 14th.

Insider Buying and Selling at Element Fleet Management

In other news, Senior Officer Carlos David Madrigal Gonzalez acquired 3,375 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were acquired at an average price of C$28.92 per share, with a total value of C$97,618.50. Also, Senior Officer Laura Lee Dottori-Attanasio acquired 2,500 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average price of C$28.78 per share, for a total transaction of C$71,950.00. Over the last 90 days, insiders acquired 19,625 shares of company stock worth $562,999 and sold 38,948 shares worth $1,154,902. 0.26% of the stock is owned by insiders.

Element Fleet Management Stock Performance

TSE:EFN opened at C$29.17 on Friday. The firm’s fifty day simple moving average is C$29.07 and its 200 day simple moving average is C$27.50. 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 twelve month low of C$21.08 and a twelve month high of C$30.49. The firm has a market capitalization of C$11.77 billion, a price-to-earnings ratio of 22.79, a PEG ratio of 2.97 and a beta of 0.91.

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.