Element Fleet Management Corp. (TSE:EFN) Receives Average Recommendation of “Buy” from Analysts

Element Fleet Management Corp. (TSE:EFN) has earned a consensus rating of “Buy” from the eight research firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$42.00.

Several research analysts have recently issued reports on EFN shares. Scotiabank raised their price target on Element Fleet Management from C$40.00 to C$42.00 and gave the stock an “outperform” rating in a research report on Friday, October 24th. National Bankshares increased their price objective on shares of Element Fleet Management from C$47.00 to C$48.00 and gave the stock an “outperform” rating in a research report on Monday, October 27th. Jefferies Financial Group boosted their target price on Element Fleet Management from C$41.00 to C$42.00 in a research note on Thursday, October 30th. Finally, Raymond James Financial lifted their price target on Element Fleet Management from C$40.00 to C$41.00 in a report on Thursday, November 13th.

Element Fleet Management Trading Down 1.2%

Shares of EFN stock opened at C$36.28 on Wednesday. The firm has a 50-day moving average price of C$36.63 and a 200 day moving average price of C$36.21. Element Fleet Management has a 12-month low of C$25.00 and a 12-month high of C$38.26. The company has a market capitalization of C$14.51 billion, a P/E ratio of 33.91, a P/E/G ratio of 2.97 and a beta of 0.38. The company has a quick ratio of 5.70, a current ratio of 7.04 and a debt-to-equity ratio of 303.64.

Element Fleet Management (TSE:EFN) last announced its earnings results on Wednesday, November 12th. The financial services provider reported C$0.33 earnings per share (EPS) for the quarter. Element Fleet Management had a net margin of 16.46% and a return on equity of 11.33%. The company had revenue of C$306.39 million for the quarter. Research analysts forecast that Element Fleet Management will post 1.6884016 earnings per share for the current fiscal year.

Element Fleet Management Company Profile

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.