National Bankshares Increases Element Fleet Management (TSE:EFN) Price Target to C$33.00

Element Fleet Management (TSE:EFN) had its target price upped by National Bankshares from C$31.00 to C$33.00 in a report released on Thursday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. National Bankshares’ price objective points to a potential upside of 36.93% from the stock’s previous close.

EFN has been the topic of several other reports. Raymond James boosted their target price on Element Fleet Management from C$26.00 to C$29.00 and gave the stock a “strong-buy” rating in a report on Wednesday, February 28th. Scotiabank boosted their price objective on Element Fleet Management from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a research note on Thursday. Veritas Investment Research restated a “reduce” rating on shares of Element Fleet Management in a report on Thursday, February 29th. CIBC upped their price target on shares of Element Fleet Management from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, TD Securities increased their price objective on shares of Element Fleet Management from C$27.00 to C$28.00 and gave the stock a “buy” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Element Fleet Management presently has a consensus rating of “Moderate Buy” and a consensus price target of C$28.50.

Element Fleet Management Price Performance

EFN stock traded up C$0.24 during trading on Thursday, hitting C$24.10. The company had a trading volume of 484,540 shares, compared to its average volume of 517,291. The company has a current ratio of 6.78, a quick ratio of 5.70 and a debt-to-equity ratio of 280.50. The company has a fifty day moving average price of C$22.08 and a two-hundred day moving average price of C$21.89. Element Fleet Management has a fifty-two week low of C$18.50 and a fifty-two week high of C$24.22. The company has a market cap of C$9.38 billion, a P/E ratio of 21.65, a P/E/G ratio of 2.97 and a beta of 0.83.

Element Fleet Management (TSE:EFN) last posted its earnings results on Tuesday, February 27th. The financial services provider reported C$0.33 earnings per share for the quarter, topping the consensus estimate of C$0.32 by C$0.01. The business had revenue of C$333.36 million for the quarter, compared to analyst estimates of C$334.92 million. Element Fleet Management had a net margin of 23.38% and a return on equity of 12.30%. Equities research analysts expect that Element Fleet Management will post 1.0547496 earnings per share for the current fiscal year.

Insider Buying and Selling at Element Fleet Management

In related news, Senior Officer Yu Xiang Jin purchased 2,500 shares of the stock in a transaction dated Monday, March 25th. The stock was bought at an average cost of C$22.02 per share, with a total value of C$55,050.00. In other news, Senior Officer Yu Xiang Jin acquired 2,500 shares of the stock in a transaction that occurred on Monday, March 25th. The stock was acquired at an average price of C$22.02 per share, for a total transaction of C$55,050.00. Also, Senior Officer James Halliday sold 33,664 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of C$23.01, for a total value of C$774,608.64. Insiders own 0.23% of the company’s stock.

Element Fleet Management Company Profile

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.