Raymond James Issues Positive Forecast for Element Fleet Management (TSE:EFN) Stock Price

Element Fleet Management (TSE:EFN - Free Report) had its target price raised by Raymond James from C$34.00 to C$36.00 in a research note issued to investors on Friday,BayStreet.CA reports. Raymond James also issued estimates for Element Fleet Management's Q1 2025 earnings at $0.40 EPS, Q1 2025 earnings at $0.40 EPS, Q2 2025 earnings at $0.43 EPS, Q3 2025 earnings at $0.48 EPS, Q4 2025 earnings at $0.45 EPS, FY2025 earnings at $1.75 EPS, Q1 2026 earnings at $0.45 EPS, Q1 2026 earnings at $0.45 EPS, Q2 2026 earnings at $0.48 EPS, Q2 2026 earnings at $0.48 EPS, Q3 2026 earnings at $0.53 EPS, Q3 2026 earnings at $0.53 EPS, Q4 2026 earnings at $0.50 EPS and FY2026 earnings at $1.96 EPS.

Several other brokerages have also recently commented on EFN. Jefferies Financial Group cut shares of Element Fleet Management from a "buy" rating to a "hold" rating and decreased their target price for the stock from C$32.00 to C$30.00 in a report on Friday, November 15th. National Bankshares reduced their target price on Element Fleet Management from C$41.00 to C$40.00 and set an "outperform" rating for the company in a report on Thursday, February 27th. TD Securities increased their target price on Element Fleet Management from C$32.00 to C$33.00 and gave the company a "buy" rating in a report on Thursday, November 14th. CIBC increased their target price on Element Fleet Management from C$33.00 to C$34.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. Finally, Scotiabank lowered their target price on Element Fleet Management from C$33.00 to C$32.00 in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of C$34.00.

Remove Ads

Element Fleet Management Price Performance

Shares of TSE EFN traded down C$0.52 during midday trading on Friday, reaching C$27.79. The company's stock had a trading volume of 1,025,277 shares, compared to its average volume of 545,474. The company has a market cap of C$7.96 billion, a price-to-earnings ratio of 23.06, a price-to-earnings-growth ratio of 2.97 and a beta of 0.91. Element Fleet Management has a one year low of C$21.20 and a one year high of C$30.49. 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 50 day moving average price of C$28.78 and a 200 day moving average price of C$28.66.

Insiders Place Their Bets

In other Element Fleet Management news, Senior Officer James Halliday sold 33,664 shares of the business's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of C$30.00, for a total value of C$1,009,920.00. Also, Senior Officer Laura Lee Dottori-Attanasio bought 2,500 shares of the company's stock in a transaction on Monday, December 23rd. The stock was bought at an average cost of C$28.78 per share, with a total value of C$71,950.00. Insiders acquired a total of 15,550 shares of company stock worth $445,872 over the last quarter. Company 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.