Element Fleet Management (TSE:EFN) Raised to Moderate Buy at Royal Bank Of Canada

Element Fleet Management (TSE:EFNGet Free Report) was upgraded by analysts at Royal Bank Of Canada to a “moderate buy” rating in a research report issued to clients and investors on Wednesday, MarketBeat.com reports. The firm currently has a C$43.00 target price on the financial services provider’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 29.91% from the stock’s previous close.

A number of other brokerages have also recently issued reports on EFN. Jefferies Financial Group dropped their price target on shares of Element Fleet Management from C$31.00 to C$30.00 in a research note on Monday, April 21st. National Bankshares dropped their price target on shares of Element Fleet Management from C$41.00 to C$40.00 and set an “outperform” rating on the stock in a research note on Thursday, February 27th. Keefe, Bruyette & Woods upgraded shares of Element Fleet Management to a “hold” rating in a research note on Sunday, April 20th. Raymond James Financial upped their price target on shares of Element Fleet Management from C$34.00 to C$36.00 in a research note on Friday, February 28th. Finally, BMO Capital Markets upped their price target on shares of Element Fleet Management from C$33.00 to C$35.00 in a research note on Friday, May 2nd. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$35.38.

Check Out Our Latest Research Report on Element Fleet Management

Element Fleet Management Stock Down 0.0%

TSE:EFN opened at C$33.10 on Wednesday. The firm’s 50-day moving average price is C$31.61 and its 200-day moving average price is C$29.69. The company has a market capitalization of C$9.49 billion, a PE ratio of 27.47, a P/E/G ratio of 2.97 and a beta of 0.91. The company has a debt-to-equity ratio of 303.64, a current ratio of 7.04 and a quick ratio of 5.70. Element Fleet Management has a 1-year low of C$23.71 and a 1-year high of C$33.27.

Insider Buying and Selling at Element Fleet Management

In other news, Senior Officer Carlos David Madrigal Gonzalez sold 10,230 shares of the company’s stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of C$30.77, for a total transaction of C$314,777.10. Also, Director Luis Manuel Enrique Tellez Kuenzler purchased 4,300 shares of Element Fleet Management stock in a transaction dated Tuesday, May 13th. The shares were acquired at an average cost of C$31.58 per share, with a total value of C$135,781.10. Company insiders own 0.26% of the company’s stock.

Element Fleet Management Company Profile

(Get Free Report)

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.

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