Element Fleet Management (TSE:EFN) Upgraded to Buy at Jefferies Financial Group

Element Fleet Management (TSE:EFN) was upgraded by equities researchers at Jefferies Financial Group from a “hold” rating to a “buy” rating in a research note issued to investors on Monday,BayStreet.CA reports.

EFN has been the subject of a number of other reports. Raymond James Financial raised their price objective on shares of Element Fleet Management from C$40.00 to C$41.00 in a research note on Thursday, November 13th. National Bank Financial upped their price objective on Element Fleet Management from C$48.00 to C$50.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Finally, Royal Bank Of Canada set a C$47.00 price objective on Element Fleet Management and gave the company an “outperform” rating in a research note on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Element Fleet Management has an average rating of “Buy” and an average target price of C$43.43.

Element Fleet Management Price Performance

Shares of EFN stock traded up C$0.07 during mid-day trading on Monday, reaching C$34.29. The stock had a trading volume of 662,100 shares, compared to its average volume of 751,845. The company has a market cap of C$13.71 billion, a P/E ratio of 32.05, a price-to-earnings-growth ratio of 2.97 and a beta of 0.31. The company has a current ratio of 7.04, a quick ratio of 5.70 and a debt-to-equity ratio of 303.64. Element Fleet Management has a 12-month low of C$25.76 and a 12-month high of C$38.26. The business has a 50-day simple moving average of C$35.16 and a 200 day simple moving average of C$36.20.

Element Fleet Management (TSE:EFN) last issued its quarterly earnings data on Wednesday, November 12th. The financial services provider reported C$0.33 EPS for the quarter. The firm had revenue of C$306.39 million for the quarter. Element Fleet Management had a net margin of 16.46% and a return on equity of 11.33%. On average, sell-side analysts anticipate 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.