TD Securities Has Lowered Expectations for Element Fleet Management (TSE:EFN) Stock Price

Element Fleet Management (TSE:EFN) had its target price lowered by TD Securities from C$42.00 to C$41.00 in a report issued on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the financial services provider’s stock. TD Securities’ price objective points to a potential upside of 23.09% from the company’s previous close.

Several other brokerages have also commented on EFN. Jefferies Financial Group upgraded shares of Element Fleet Management from a “hold” rating to a “buy” rating in a report on Monday. National Bank Financial lifted their price target 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. Royal Bank Of Canada set a C$47.00 price objective on Element Fleet Management and gave the stock an “outperform” rating in a report on Monday, January 26th. Finally, Raymond James Financial boosted their target price on shares of Element Fleet Management from C$40.00 to C$41.00 in a report on Thursday, November 13th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Element Fleet Management has a consensus rating of “Buy” and a consensus target price of C$43.29.

Element Fleet Management Stock Performance

TSE:EFN traded down C$1.15 during trading hours on Wednesday, reaching C$33.31. The stock had a trading volume of 1,089,551 shares, compared to its average volume of 786,780. Element Fleet Management has a 12-month low of C$25.76 and a 12-month high of C$38.26. The company has a debt-to-equity ratio of 303.64, a quick ratio of 5.70 and a current ratio of 7.04. The stock has a 50 day simple moving average of C$35.11 and a 200 day simple moving average of C$36.17. The stock has a market cap of C$13.32 billion, a P/E ratio of 31.13, a price-to-earnings-growth ratio of 2.97 and a beta of 0.31.

Element Fleet Management (TSE:EFN) last announced its quarterly earnings data on Tuesday, February 24th. The financial services provider reported C$0.45 earnings per share for the quarter. Element Fleet Management had a return on equity of 11.33% and a net margin of 16.46%.The company had revenue of C$430.19 million during the quarter. On average, research analysts forecast that Element Fleet Management will post 1.6884016 EPS for the current fiscal 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.