Brokerages 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 brokerages that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$33.50.

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

Element Fleet Management Stock Performance

Shares of EFN stock opened at C$29.17 on Friday. 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 market cap of C$11.77 billion, a PE ratio of 22.79, a P/E/G ratio of 2.97 and a beta of 0.91. Element Fleet Management has a 1 year low of C$21.08 and a 1 year high of C$30.49. The stock has a fifty day moving average price of C$29.07 and a 200 day moving average price of C$27.50.

Insiders Place Their Bets

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

Element Fleet Management Company Profile

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.