Element Fleet Management Corp. (EFN.TO) – What Are Analysts Saying About This Stock?

Shares of Element Fleet Management Corp. (TSE:EFN) have received a consensus rating of “Moderate Buy” from the eight research firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$32.86.

Several research firms have issued reports on EFN. Scotia decreased their price objective on shares of Element Fleet Management from C$41.00 to C$32.00 and set a “sector outperform” rating for the company in a research note on Monday, October 26th. RBC Dominion Securities reduced their price objective on Element Fleet Management from C$40.00 to C$33.00 and set an “outperform” rating on the stock in a research note on Thursday, October 15th. Raymond James Financial lowered their target price on Element Fleet Management from C$42.00 to C$32.00 and set an “outperform” rating for the company in a research note on Tuesday, October 6th. TD Securities lowered shares of Element Fleet Management from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Finally, TD cut Element Fleet Management from a “buy” rating to a “hold” rating and cut their price target for the stock from C$31.00 to C$22.00 in a research note on Wednesday.

Insider Buying and Selling at Element Fleet Management

In other Element Fleet Management news, insider Jose Manuel Tamayo purchased 2,343 shares of Element Fleet Management stock in a transaction on Wednesday, September 16th. The stock was bought at an average price of C$24.75 per share, for a total transaction of C$57,989.25. Following the transaction, the insider owned 3,844 shares of the company’s stock, valued at C$95,139. The trade was a 156.10% increase in their position. Also, insider Jacob Eisenberg sold 90,855 shares of Element Fleet Management stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of C$26.26, for a total value of C$2,385,852.30. Following the transaction, the insider owned 64,897 shares in the company, valued at approximately C$1,704,195.22. This trade represents a 58.33% decrease in their ownership of the stock. Company insiders own 0.26% of the company’s stock.

Element Fleet Management Price Performance

TSE EFN opened at C$20.08 on Friday. Element Fleet Management has a 1 year low of C$19.11 and a 1 year high of C$38.00. The company has a debt-to-equity ratio of 359.10, a current ratio of -1,737.58 and a quick ratio of 5.70. The company has a market cap of C$7.80 billion, a price-to-earnings ratio of 27.14, a PEG ratio of 2.97 and a beta of 0.57. The stock’s fifty day moving average price is C$23.15 and its 200 day moving average price is C$28.71.

Element Fleet Management (TSE:EFN) last issued its quarterly earnings results on Tuesday, November 3rd. The financial services provider reported C$0.50 earnings per share (EPS) for the quarter. Element Fleet Management had a net margin of 12.29% and a return on equity of 10.87%. The business had revenue of C$456.57 million for the quarter. As a group, equities research analysts forecast that Element Fleet Management will post 1.69 earnings per share for the current year.

About Element Fleet Management

Element Fleet Management (TSX: EFN) is the largest publicly traded pure play automotive fleet manager in the world and a global leader in intelligent fleet and mobility solutions. Guided by our Purpose to Move the world through intelligent mobility, we help clients manage the vehicles, data, technology, and decisions that keep their businesses moving. Fleet is our foundation, and intelligent mobility is how we lead. By combining deep fleet expertise with connected technologies, data driven intelligence, and strategic partnerships, Element helps clients lower total cost of ownership, improve uptime and driver experience, and build more resilient operations.