Element Fleet Management (EFN) Rating Increased to Outperform Market Weight at National Bank Financial

Element Fleet Management (TSE:EFN) was upgraded by stock analysts at National Bank Financial from a “sector perform market weight” rating to an “outperform market weight” rating in a note issued to investors on Thursday.

Other equities research analysts have also recently issued research reports about the company. CIBC increased their price target on Element Fleet Management from C$6.50 to C$7.00 in a research note on Wednesday, August 15th. Cormark increased their price target on Element Fleet Management from C$6.50 to C$7.00 in a research note on Wednesday, August 15th. Finally, Royal Bank of Canada increased their price target on Element Fleet Management from C$8.00 to C$9.00 and gave the company an “outperform” rating in a research note on Tuesday, August 14th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of C$7.65.

Shares of EFN opened at C$8.25 on Thursday. Element Fleet Management has a 12-month low of C$3.21 and a 12-month high of C$11.03.

Element Fleet Management (TSE:EFN) last issued its quarterly earnings results on Monday, August 13th. The financial services provider reported C$0.19 earnings per share for the quarter, beating the consensus estimate of C$0.17 by C$0.02. The company had revenue of C$219.44 million during the quarter, compared to analyst estimates of C$216.00 million.

Element Fleet Management Company Profile

Element Fleet Management Corp. operates as a fleet management company in Canada, the United States, and internationally. The company offers fleet management services, including acquisition, financing, program management, and remarketing services for cars and light duty vehicles, medium and heavy duty trucks, material handling equipment, automobiles, and specialty vehicles and equipment, as well as corporate, municipal, and industrial fleets.

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Analyst Recommendations for Element Fleet Management (TSE:EFN)

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