Element Fleet Management Corp. (TSE:EFN) Given Consensus Rating of “Buy” by Analysts

Shares of Element Fleet Management Corp. (TSE:EFN) have received an average recommendation of “Buy” from the eight ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$42.00.

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

Element Fleet Management Stock Performance

Shares of EFN stock opened at C$34.35 on Friday. The company has a current ratio of 7.04, a quick ratio of 5.70 and a debt-to-equity ratio of 303.64. The company has a market cap of C$13.74 billion, a PE ratio of 32.10, a P/E/G ratio of 2.97 and a beta of 0.33. The company’s fifty day simple moving average is C$35.84 and its 200-day simple moving average is C$36.36. Element Fleet Management has a 52 week low of C$25.00 and a 52 week high of C$38.26.

Element Fleet Management (TSE:EFN) last announced its quarterly 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 return on equity of 11.33% and a net margin of 16.46%.The firm had revenue of C$306.39 million during the quarter. As a group, equities research analysts anticipate that Element Fleet Management will post 1.6884016 EPS for the current 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.