TD Securities Issues Pessimistic Forecast for Element Fleet Management (TSE:EFN) Stock Price

Element Fleet Management (TSE:EFN) had its price target decreased by investment analysts at TD Securities from C$42.00 to C$41.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. TD Securities’ price objective points to a potential upside of 20.66% from the company’s previous close.

Several other research firms have also issued reports on EFN. Royal Bank Of Canada set a C$47.00 price objective on shares of Element Fleet Management and gave the stock an “outperform” rating in a research report on Monday, January 26th. Jefferies Financial Group upgraded Element Fleet Management from a “hold” rating to a “buy” rating in a report on Monday. Raymond James Financial boosted their price objective on Element Fleet Management from C$40.00 to C$41.00 in a research note on Thursday, November 13th. Finally, National Bank Financial upped their target price on Element Fleet Management from C$48.00 to C$50.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$43.29.

Element Fleet Management Stock Performance

Element Fleet Management stock opened at C$33.98 on Wednesday. The company has a market cap of C$13.59 billion, a price-to-earnings ratio of 31.76, a price-to-earnings-growth ratio of 2.97 and a beta of 0.31. 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 current ratio of 7.04 and a quick ratio of 5.70. The stock’s 50-day moving average is C$35.02 and its 200-day moving average is C$36.13.

Element Fleet Management (TSE:EFN) last posted its earnings results on Tuesday, February 24th. The financial services provider reported C$0.45 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 firm had revenue of C$430.19 million during the quarter. Equities analysts anticipate that Element Fleet Management will post 1.6884016 earnings per share for the current 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.