Element Fleet Management (TSE:EFN) Price Target Raised to C$34.00

Element Fleet Management (TSE:EFN - Free Report) had its price target boosted by CIBC from C$33.00 to C$34.00 in a research note released on Thursday,BayStreet.CA reports. CIBC currently has an outperform rating on the financial services provider's stock.

EFN has been the subject of a number of other reports. TD Securities raised their target price on Element Fleet Management from C$32.00 to C$33.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Jefferies Financial Group cut Element Fleet Management from a "buy" rating to a "hold" rating and dropped their price target for the company from C$32.00 to C$30.00 in a research report on Friday, November 15th. Scotiabank dropped their price target on Element Fleet Management from C$33.00 to C$32.00 in a research report on Thursday, November 14th. Raymond James upped their price target on Element Fleet Management from C$30.00 to C$34.00 in a research report on Thursday, November 14th. Finally, National Bankshares upped their price target on Element Fleet Management from C$37.00 to C$39.00 in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of C$33.63.

Element Fleet Management Stock Performance

TSE EFN traded down C$0.30 during trading hours on Thursday, reaching C$28.25. 910,830 shares of the company were exchanged, compared to its average volume of 443,436. Element Fleet Management has a 1 year low of C$21.20 and a 1 year high of C$30.49. The business's 50 day simple moving average is C$29.10 and its 200-day simple moving average is C$28.28. The stock has a market capitalization of C$11.40 billion, a P/E ratio of 22.07, a P/E/G ratio of 2.97 and a beta of 0.91. The company has a quick ratio of 5.70, a current ratio of 8.22 and a debt-to-equity ratio of 303.14.

Insider Buying and Selling at Element Fleet Management

In other news, Senior Officer Laura Lee Dottori-Attanasio acquired 10,500 shares of Element Fleet Management stock in a transaction dated Friday, December 13th. The shares were purchased at an average cost of C$28.70 per share, for a total transaction of C$301,350.00. Also, Senior Officer Heath Leslie Valkenburg acquired 2,550 shares of Element Fleet Management stock in a transaction dated Monday, December 16th. The shares were purchased at an average price of C$28.46 per share, for a total transaction of C$72,571.98. In the last 90 days, insiders have acquired 19,625 shares of company stock valued at $562,999 and have sold 38,948 shares valued at $1,154,902. Insiders own 0.26% of the company's stock.

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.