Element Fleet Management (TSE:EFN) Price Target Raised to C$50.00

Element Fleet Management (TSE:EFN) had its price target boosted by National Bankshares from C$48.00 to C$50.00 in a research report released on Wednesday,BayStreet.CA reports. The firm currently has an outperform rating on the financial services provider’s stock.

Several other equities analysts have also issued reports on the company. Royal Bank Of Canada set a C$47.00 price target on Element Fleet Management and gave the company an “outperform” rating in a research note on Monday, January 26th. Jefferies Financial Group lifted their price objective on shares of Element Fleet Management from C$41.00 to C$42.00 in a research note on Thursday, October 30th. Raymond James Financial boosted their target price on shares of Element Fleet Management from C$40.00 to C$41.00 in a research report on Thursday, November 13th. Finally, Scotiabank increased their target price on shares of Element Fleet Management from C$40.00 to C$42.00 and gave the stock an “outperform” rating in a research note on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$43.43.

Element Fleet Management Price Performance

EFN stock opened at C$35.44 on Wednesday. The company has a quick ratio of 5.70, a current ratio of 7.04 and a debt-to-equity ratio of 303.64. The firm has a market cap of C$14.17 billion, a price-to-earnings ratio of 33.12, a PEG ratio of 2.97 and a beta of 0.31. The company’s fifty day simple moving average is C$35.52 and its 200 day simple moving average is C$36.31. Element Fleet Management has a 12-month low of C$25.76 and a 12-month high of C$38.26.

Element Fleet Management (TSE:EFN) last posted its quarterly earnings data on Wednesday, November 12th. The financial services provider reported C$0.33 earnings per share for the quarter. The firm had revenue of C$306.39 million during the quarter. Element Fleet Management had a return on equity of 11.33% and a net margin of 16.46%. On average, analysts expect that Element Fleet Management will post 1.6884016 earnings per share for the current year.

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. The company’s suite of fleet management services deals with acquisition and financing, to program management and remarketing. ECN Capital operates across North America in three verticals of the equipment finance market: commercial and vendor finance, rail finance, and commercial aviation finance.