Element Fleet Management (TSE:EFN) Given New C$39.00 Price Target at National Bankshares

Element Fleet Management (TSE:EFN) had its price objective lifted by equities research analysts at National Bankshares from C$37.00 to C$39.00 in a note issued to investors on Thursday,BayStreet.CA reports. National Bankshares’ price objective indicates a potential upside of 44.44% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on the stock. Jefferies Financial Group boosted their target price on shares of Element Fleet Management from C$28.00 to C$31.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. CIBC increased their price objective on Element Fleet Management from C$30.00 to C$33.00 in a report on Thursday, October 31st. Raymond James lifted their target price on Element Fleet Management from C$30.00 to C$34.00 in a report on Thursday. Royal Bank of Canada upped their price target on Element Fleet Management from C$33.00 to C$35.00 and gave the company an “outperform” rating in a research report on Wednesday, August 14th. Finally, BMO Capital Markets raised their price objective on shares of Element Fleet Management from C$28.00 to C$32.00 in a research report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Element Fleet Management currently has a consensus rating of “Moderate Buy” and a consensus price target of C$33.63.

Element Fleet Management Stock Performance

TSE:EFN traded down C$1.26 during trading hours on Thursday, reaching C$27.00. The stock had a trading volume of 999,959 shares, compared to its average volume of 539,419. Element Fleet Management has a 12-month low of C$20.55 and a 12-month high of C$30.04. The company has a debt-to-equity ratio of 303.14, a quick ratio of 5.70 and a current ratio of 8.22. The stock has a 50 day simple moving average of C$28.68 and a 200 day simple moving average of C$26.22. The stock has a market cap of C$10.90 billion, a P/E ratio of 20.99, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91.

Element Fleet Management (TSE:EFN) last released its quarterly earnings data on Tuesday, August 13th. The financial services provider reported C$0.40 EPS for the quarter, beating the consensus estimate of C$0.37 by C$0.03. Element Fleet Management had a net margin of 23.41% and a return on equity of 12.58%. The business had revenue of C$375.68 million for the quarter, compared to the consensus estimate of C$368.46 million. On average, research analysts forecast that Element Fleet Management will post 1.6884016 EPS for the current fiscal year.

Insider Activity

In other news, Senior Officer Laura Lee Dottori-Attanasio bought 18,000 shares of Element Fleet Management stock in a transaction that occurred on Thursday, September 5th. The shares were acquired at an average price of C$27.67 per share, with a total value of C$498,074.40. Corporate insiders own 0.26% of the company’s stock.

About Element Fleet Management

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.