Raymond James Forecasts Strong Price Appreciation for Element Fleet Management (TSE:EFN) Stock

Element Fleet Management (TSE:EFN) had its target price upped by equities researchers at Raymond James from C$34.00 to C$36.00 in a research report issued on Friday,BayStreet.CA reports. Raymond James’ price objective would indicate a potential upside of 26.23% from the stock’s current price. Raymond James also issued estimates for Element Fleet Management’s Q1 2025 earnings at $0.40 EPS, Q1 2025 earnings at $0.40 EPS, Q1 2026 earnings at $0.45 EPS, Q1 2026 earnings at $0.45 EPS, Q2 2026 earnings at $0.48 EPS, Q2 2026 earnings at $0.48 EPS, Q3 2026 earnings at $0.53 EPS, Q3 2026 earnings at $0.53 EPS and Q4 2026 earnings at $0.50 EPS.

Other analysts also recently issued reports about the stock. National Bankshares cut their price objective on shares of Element Fleet Management from C$41.00 to C$40.00 and set an “outperform” rating on the stock in a research report on Thursday. Scotiabank lowered their price objective on Element Fleet Management from C$33.00 to C$32.00 in a research note on Thursday, November 14th. Jefferies Financial Group downgraded shares of Element Fleet Management from a “buy” rating to a “hold” rating and reduced their target price for the company from C$32.00 to C$30.00 in a research note on Friday, November 15th. CIBC lifted their price target on shares of Element Fleet Management from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Finally, TD Securities increased their price objective on shares of 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. One investment analyst has rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$34.00.

Element Fleet Management Stock Down 0.7 %

Shares of EFN stock traded down C$0.20 during midday trading on Friday, reaching C$28.52. 299,898 shares of the stock were exchanged, compared to its average volume of 498,702. The firm has a market cap of C$8.17 billion, a PE ratio of 23.67, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91. The company’s 50 day moving average is C$28.82 and its two-hundred day moving average is C$28.57. Element Fleet Management has a 1 year low of C$21.20 and a 1 year high of C$30.49. The company has a current ratio of 7.04, a quick ratio of 5.70 and a debt-to-equity ratio of 303.64.

Insider Buying and Selling

In other news, Senior Officer Laura Lee Dottori-Attanasio bought 10,500 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was purchased at an average cost of C$28.70 per share, with a total value of C$301,350.00. Also, Senior Officer James Halliday sold 33,664 shares of Element Fleet Management stock in a transaction on Monday, December 9th. The stock was sold at an average price of C$30.00, for a total transaction of C$1,009,920.00. Insiders bought a total of 15,550 shares of company stock worth $445,872 in the last 90 days. 0.26% of the stock is owned by corporate insiders.

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.